CNX Resources Corp (CNX)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	2,754,440	2,640,230	2,618,380	2,430,490
Total assets	US$ in thousands	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	9,060,810	9,286,260	9,146,700	8,777,360
Debt-to-assets ratio		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	0.30	0.28	0.29	0.28

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,888,710K ÷ $8,626,660K
= 0.22

The debt-to-assets ratio of CNX Resources Corp has shown consistency in the range of 0.25 to 0.27 over the past eight quarters. This indicates that the company relies on debt financing for approximately 25% to 27% of its total assets on average. The stability of the ratio suggests that CNX Resources Corp has maintained a relatively conservative level of debt in relation to its assets, which may indicate a prudent approach to managing its financial leverage. It is essential to monitor future changes in this ratio to assess any shifts in the company's capital structure and potential impacts on its financial health and risk profile.