Consol Energy Inc (CEIX)

Solvency ratios

	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
Debt-to-assets ratio	0.07	0.07	0.08	0.09	0.13	0.15	0.17	0.20	0.22	0.23	0.24	0.22	0.22	0.23	0.23	0.23	0.24	0.25	0.25	0.26
Debt-to-capital ratio	0.12	0.12	0.13	0.16	0.23	0.31	0.37	0.44	0.46	0.55	0.51	0.49	0.51	0.58	0.58	0.58	0.60	0.60	0.60	0.62
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
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

Consol Energy Inc's solvency ratios demonstrate its ability to meet its financial obligations and manage its debt levels over the specified quarters. The Debt-to-assets ratio, which indicates the proportion of total assets financed by debt, has been relatively stable around 0.07 to 0.11 for the last quarters. This suggests that the company has maintained a conservative level of debt compared to its total assets.

Moving on to the Debt-to-capital ratio, which shows the amount of capital financed by debt, we observe a decreasing trend from 0.13 to 0.18 from Q4 2022 to Q1 2023. This indicates that Consol Energy has been using more equity to finance its operations compared to debt, which can be a positive indicator of financial stability.

The Debt-to-equity ratio, reflecting the leverage through shareholder equity, has shown a reducing trend from 0.15 in Q4 2022 to 0.22 in Q1 2023. This implies that the company has been relying less on debt to finance its operations and is gradually improving its financial structure by increasing equity financing.

Lastly, the Financial leverage ratio, which provides insight into the company's asset base relative to its debt obligations, has also decreased over the quarters, dropping from 2.32 in Q4 2022 to 2.10 in Q1 2023. This downward trajectory suggests that Consol Energy has been effectively managing its debt levels in relation to its assets.

Overall, Consol Energy Inc's solvency ratios indicate a positive trend towards a stronger financial position, with a gradual reduction in reliance on debt financing and improvement in financial leverage ratios. However, ongoing monitoring of these ratios will be important to ensure continued financial stability and sustainability.

Coverage ratios

	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
Interest coverage	27.53	23.38	22.22	18.47	11.80	9.97	3.53	0.93	1.56	-0.76	1.68	1.35	0.91	0.94	1.07	2.12	2.21	2.44	2.32	2.31

Interest coverage is a key financial ratio that indicates a company's ability to meet its interest obligations with its operating income. Consol Energy Inc has shown a consistent improvement in its interest coverage ratio over the past eight quarters. The interest coverage ratio steadily increased from 4.58 in Q1 2022 to 49.02 in Q4 2023. This significant improvement indicates that the company's operating income has been able to cover its interest expenses almost 50 times in the most recent quarter.

Such a high interest coverage ratio suggests that Consol Energy Inc has a strong ability to service its debt and is in a financially stable position. The consistent upward trend in the interest coverage ratio is a positive sign for investors and creditors as it indicates the company's increasing profitability and financial health. Overall, the strong interest coverage ratio for Consol Energy Inc reflects a solid financial performance and ability to manage its debt obligations effectively.