Core Natural Resources, Inc. (CNR)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | 342,110 | 413,645 | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,568,250 | 796,763 | 1,294,250 | 1,388,820 | 1,343,440 | 1,308,790 | 1,335,200 | 1,280,900 | 1,165,830 | 916,445 | 1,746,850 | 1,359,120 | 1,176,340 | 1,112,060 | 479,247 | 457,647 | 441,805 | 420,290 | 378,212 | 347,888 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.29 | 0.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,568,250K
= 0.00
Core Natural Resources, Inc. has maintained a consistent debt-to-equity ratio of 0.00 from March 2020 to June 2023. This indicates that the company had no debt relative to its equity during this period. However, a significant change occurred in the debt-to-equity ratio in September 2022, rising to 0.45, and decreasing slightly to 0.29 in December 2022. This increase suggests that the company took on debt relative to its equity levels, possibly for expansion or investment purposes. The ratio returned to 0.00 in March 2023 and has remained at that level through December 2024. Overall, the company seems to have a conservative approach to leverage, as it has generally maintained a low debt-to-equity ratio, indicating a lower financial risk and a stable capital structure.
Peer comparison
Dec 31, 2024