CNX Resources Corp (CNX)

Debt-to-assets 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	1,838,230	1,957,660	1,955,430	1,942,510	1,888,710	1,843,780	2,154,090	2,203,110	2,205,740	1,920,440	1,907,070	1,890,790	2,214,120	2,203,730	2,265,970	2,346,200	2,401,430	2,577,970	2,540,770	2,640,150
Total assets	US$ in thousands	8,511,900	8,538,050	8,602,950	8,656,640	8,626,660	8,492,640	8,531,860	8,340,140	8,515,770	8,633,130	8,695,890	8,223,520	8,100,750	8,228,150	8,072,110	8,069,240	8,041,760	8,129,170	8,319,680	8,528,950
Debt-to-assets ratio		0.22	0.23	0.23	0.22	0.22	0.22	0.25	0.26	0.26	0.22	0.22	0.23	0.27	0.27	0.28	0.29	0.30	0.32	0.31	0.31

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,838,230K ÷ $8,511,900K
= 0.22

The debt-to-assets ratio of CNX Resources Corp has shown a declining trend from 0.31 in March 2020 to 0.22 in December 2024. This ratio indicates the proportion of the company's assets financed by debt, with lower values suggesting lower financial risk as the company relies less on debt to fund its operations. The decreasing trend in the debt-to-assets ratio reflects a potentially stronger financial position and better ability to cover its debts with its assets over the years. Investors and creditors generally view a decreasing debt-to-assets ratio positively as it signifies improved financial health and lower leverage. However, it is essential for stakeholders to monitor this ratio over time to ensure the company's debt levels remain sustainable relative to its asset base.