Core Natural Resources, Inc. (CNR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 | 0.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
| 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 |
Core Natural Resources, Inc. has shown a stable and healthy solvency position based on its solvency ratios over the years. The Debt-to-assets ratio, which indicates the proportion of a company's assets financed by debt, remained consistently low at 0.00% until it slightly increased to 0.15% in September 2022 and then decreased to 0.13% by December 2022.
The Debt-to-capital ratio, reflecting the extent of a company's capital that is financed by debt, also stayed at 0.00% initially, then saw a significant increase to 0.31% in September 2022 before decreasing to 0.23% in December 2022.
The Debt-to-equity ratio, showcasing the relationship between a company's debt and equity financing, was consistently at 0.00% until it jumped to 0.45% in September 2022 and decreased to 0.29% by December 2022.
The Financial leverage ratio, measuring the extent to which a firm utilizes debt in its capital structure, demonstrated a declining trend from 15.50 in March 2020 to 1.84 in December 2024, with fluctuations seen in mid-2024.
Overall, Core Natural Resources, Inc. has maintained low debt levels relative to its assets, capital, and equity, while also efficiently managing its financial leverage over the years.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 15.90 | 24.53 | 22.82 | 26.55 | 27.53 | 23.38 | 22.22 | 18.47 | 11.80 | 9.97 | 3.53 | 0.93 | 1.56 | -0.74 | 2.01 | 1.78 | 1.49 | 1.52 | 1.12 | 2.31 |
Core Natural Resources, Inc.'s interest coverage ratio has exhibited fluctuations over the past few years. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt with its operating income. A higher ratio indicates a stronger ability to meet interest obligations.
From March 31, 2020, to June 30, 2021, the interest coverage ratio ranged from 1.12 to 2.01, indicating a moderate level of coverage. However, there was a significant decrease in coverage in the third quarter of 2021, with the ratio dropping to -0.74, suggesting that the company's operating income was insufficient to cover its interest expenses during that period.
Subsequently, the interest coverage ratio improved significantly, reaching a peak of 27.53 by the end of December 31, 2023, reflecting a substantial improvement in the company's ability to service its debt. However, there was a slight decline in coverage by the end of December 31, 2024, with the ratio decreasing to 15.90.
Overall, while there have been fluctuations in Core Natural Resources, Inc.'s interest coverage ratio over the period analyzed, the company demonstrated an improvement in its ability to cover interest expenses, with the ratio increasing from 1.12 in June 2020 to 15.90 in December 2024. This indicates a positive trend in the company's financial health regarding its debt obligations.