Consol Energy Inc (CEIX)
Debt-to-equity ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 181,885 | 183,421 | 207,464 | 252,977 | 342,110 | 413,645 | 461,956 | 534,902 | 568,052 | 597,697 | 609,326 | 550,444 | 566,858 | 587,020 | 595,360 | 604,927 | 653,802 | 677,935 | 696,614 | 715,181 |
| Total stockholders’ equity | US$ in thousands | 1,343,440 | 1,308,790 | 1,335,200 | 1,280,900 | 1,165,830 | 916,445 | 797,594 | 668,408 | 672,813 | 484,580 | 592,733 | 583,065 | 553,519 | 426,079 | 427,181 | 439,405 | 435,199 | 454,486 | 468,503 | 430,021 |
| Debt-to-equity ratio | 0.14 | 0.14 | 0.16 | 0.20 | 0.29 | 0.45 | 0.58 | 0.80 | 0.84 | 1.23 | 1.03 | 0.94 | 1.02 | 1.38 | 1.39 | 1.38 | 1.50 | 1.49 | 1.49 | 1.66 |
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 eight quarters, indicating a favorable financial position regarding its debt obligations relative to its equity. As of Q4 2023, the debt-to-equity ratio stands at 0.15, the lowest level in the provided data series. This suggests that the company relies more on equity financing rather than debt to fund its operations and investments. A decreasing debt-to-equity ratio can be a positive sign for investors and creditors as it signifies lower financial risk and better solvency. Consol Energy Inc's management may have been successful in effectively managing debt levels and optimizing its capital structure during this period. However, it is essential to continue monitoring this ratio to ensure the company maintains a healthy balance between debt and equity in the long run.
Peer comparison
Dec 31, 2023