Core Natural Resources, Inc. (CNR)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,879,540 | 7,439,390 | 7,370,670 | 2,680,120 | 2,675,000 | 2,659,520 | 2,678,350 | 2,695,310 | 2,704,380 | 2,722,280 | 6,438,460 | 6,031,660 | 5,827,460 | 5,731,100 | 5,254,060 | 5,528,310 | 5,478,490 | 5,474,980 | 5,337,840 | 5,392,430 |
| 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 |
| Financial leverage ratio | 1.84 | 9.34 | 5.69 | 1.93 | 1.99 | 2.03 | 2.01 | 2.10 | 2.32 | 2.97 | 3.69 | 4.44 | 4.95 | 5.15 | 10.96 | 12.08 | 12.40 | 13.03 | 14.11 | 15.50 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,879,540K ÷ $1,568,250K
= 1.84
The financial leverage ratio of Core Natural Resources, Inc. has shown a significant downward trend from a high of 15.50 as of March 31, 2020, to 1.84 as of December 31, 2024. This indicates a progressive reduction in the company's reliance on debt to finance its operations and investments over the years.
A decreasing trend in the financial leverage ratio can suggest improving financial stability and lower financial risk for the company. A lower financial leverage ratio means that the company is using less debt relative to its equity, which may result in lower interest payments and reduced vulnerability to economic downturns.
The company seems to have successfully managed its debt levels and improved its financial structure, which could positively impact its creditworthiness and overall financial health. However, it's important for the company to maintain a balance between debt and equity financing to support its growth objectives while ensuring financial stability.
Peer comparison
Dec 31, 2024