Core Natural Resources, Inc. (CNR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,036,610 | 2,675,000 | 2,704,380 | 2,573,520 | 5,478,490 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,036,610K
= 0.00
Based on the data provided, Core Natural Resources, Inc. has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has not used any debt to finance its assets during this period. This suggests that Core Natural Resources, Inc. has been funding its operations and investments primarily through equity or internal funds rather than relying on external borrowing.
Having a debt-to-assets ratio of 0.00 can be viewed positively as it signifies a lower financial risk, as the company is not exposed to the obligations and interest payments associated with debt. However, it is essential to consider that a very low debt-to-assets ratio may also indicate underutilization of debt as a source of capital, which can limit the company's growth opportunities or tax advantages associated with debt financing.
In summary, Core Natural Resources, Inc.'s consistent debt-to-assets ratio of 0.00 reflects a prudent approach to capital structure management, signaling limited financial leverage and potentially lower financial risk but may also imply missed opportunities for optimizing the company's capital structure.
Peer comparison
Dec 31, 2024