Consol Energy Inc (CEIX)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,675,000 | 2,704,380 | 2,573,520 | 2,523,370 | 2,693,800 |
| Total stockholders’ equity | US$ in thousands | 1,343,440 | 1,165,830 | 672,813 | 553,519 | 435,199 |
| Financial leverage ratio | 1.99 | 2.32 | 3.83 | 4.56 | 6.19 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,675,000K ÷ $1,343,440K
= 1.99
The financial leverage ratio of Consol Energy Inc has exhibited a decreasing trend over the past five years, indicating a reduction in the company's reliance on debt to finance its operations. The ratio decreased from 6.19 in 2019 to 1.99 in 2023. This decline suggests that the company has been gradually shifting towards a more balanced capital structure with a lower proportion of debt in its capital stack. A lower financial leverage ratio typically indicates a lower financial risk for the company, as it implies a lower level of debt relative to equity. This trend could be a positive sign for investors and creditors, as it may signal increased financial stability and resilience for Consol Energy Inc.
Peer comparison
Dec 31, 2023