Consol Energy Inc (CEIX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,675,000 | 2,659,520 | 2,678,350 | 2,695,310 | 2,704,380 | 2,722,280 | 2,720,490 | 2,714,960 | 2,573,520 | 2,589,750 | 2,557,930 | 2,520,560 | 2,523,370 | 2,554,840 | 2,566,130 | 2,653,470 | 2,693,800 | 2,723,240 | 2,765,470 | 2,767,040 |
| 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 |
| Financial leverage ratio | 1.99 | 2.03 | 2.01 | 2.10 | 2.32 | 2.97 | 3.41 | 4.06 | 3.83 | 5.34 | 4.32 | 4.32 | 4.56 | 6.00 | 6.01 | 6.04 | 6.19 | 5.99 | 5.90 | 6.43 |
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 been fluctuating over the past eight quarters, ranging from 1.99 to 4.06. In general, a financial leverage ratio above 2 indicates that the company has a higher level of debt compared to its equity.
The trend observed from Q1 2022 to Q4 2023 shows a gradual decrease in the financial leverage ratio, suggesting that the company may be reducing its reliance on debt to finance its operations. This could be a positive sign, as lower leverage ratios indicate lower financial risk and potentially stronger financial health.
However, it is important to note that even at its lowest point in Q4 2023, the financial leverage ratio of 1.99 is still above the ideal threshold of 2, indicating that Consol Energy Inc continues to have a significant proportion of debt in its capital structure.
Overall, further monitoring of the company's leverage ratio is recommended to assess the impact of its debt management strategies on its financial stability and long-term performance.
Peer comparison
Dec 31, 2023