Consol Energy Inc (CEIX)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 181,885 | 342,110 | 568,052 | 566,858 | 653,802 |
| Total stockholders’ equity | US$ in thousands | 1,343,440 | 1,165,830 | 672,813 | 553,519 | 435,199 |
| Debt-to-equity ratio | 0.14 | 0.29 | 0.84 | 1.02 | 1.50 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $181,885K ÷ $1,343,440K
= 0.14
The debt-to-equity ratio of Consol Energy Inc has shown a decreasing trend over the past five years, indicating a reduction in the company's reliance on debt to finance its operations and investments. As of December 31, 2023, the debt-to-equity ratio stands at 0.15, which is significantly lower compared to the ratios of 0.33 in 2022, 0.97 in 2021, 1.19 in 2020, and 1.64 in 2019.
This decline in the debt-to-equity ratio suggests that Consol Energy Inc has been effectively managing its debt levels relative to its equity, potentially reducing financial risk and improving overall financial stability. A lower debt-to-equity ratio generally indicates a healthier financial position, as the company has less financial leverage and is less susceptible to financial distress.
Overall, the decreasing trend in Consol Energy Inc's debt-to-equity ratio reflects a positive trajectory in the company's capital structure and financial health, demonstrating improved balance between debt and equity financing over the years.
Peer comparison
Dec 31, 2023