CNX Resources Corp (CNX)

The solvency ratios of CNX Resources Corp indicate the company's ability to meet its long-term obligations and the extent to which it relies on debt financing.

The Debt-to-assets ratio remained relatively stable around 0.26 to 0.31 over the past five years, indicating that the company finances approximately 26% to 31% of its assets through debt. This shows that CNX Resources Corp has been able to maintain a healthy balance between debt and assets.

The Debt-to-capital ratio saw some fluctuations between 0.34 and 0.43, but generally remained within a reasonable range. This ratio shows the proportion of debt in the company's capital structure, and CNX Resources Corp seems to have managed it effectively over the years.

The Debt-to-equity ratio decreased from 0.75 in 2022 to 0.51 in 2023, suggesting that the company has reduced its reliance on debt relative to equity. This indicates a positive trend towards a healthier financial structure and lower financial risk.

The Financial leverage ratio decreased from 2.89 in 2022 to 1.98 in 2023, showing that CNX Resources Corp has reduced its leverage, which is favorable as lower leverage indicates lower financial risk and a stronger financial position.

Overall, CNX Resources Corp has shown stability and improvement in its solvency ratios over the years, reflecting a prudent approach to managing its debt levels and maintaining a sound financial position.

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Coverage ratios

Based on the data provided for CNX Resources Corp's interest coverage ratio from 2019 to 2023, we observe significant fluctuations in this key financial metric. In 2023, the interest coverage ratio improved significantly to 15.65, indicating that the company's operating profits were more than sufficient to cover its interest expenses, which is a positive sign of financial health.

However, the ratio was negative in 2022 and 2021, at -0.47 and -3.16 respectively, suggesting that the company's operating income was insufficient to cover its interest expenses during those years. This could raise concerns about the company's ability to meet its debt obligations.

In 2020, the interest coverage ratio was 0.56, indicating a slight improvement compared to the previous year but still signaling a potential strain on the company's ability to cover interest payments comfortably.

Lastly, in 2019, the interest coverage ratio was 4.18, showing a relatively healthy position compared to the other years analyzed.

Overall, the trend in CNX Resources Corp's interest coverage ratio demonstrates variability and highlights the importance of monitoring the company's ability to generate sufficient operating income to cover its interest expenses and sustain its debt obligations effectively.