CNX Resources Corp (CNX)

Debt-to-capital 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 stockholders’ equity US$ in thousands 4,098,030 4,256,720 4,250,640 4,309,320 4,361,020 3,957,310 3,983,190 3,567,300 2,950,460 1,976,990 2,537,020 2,569,510 3,700,270 3,186,520 4,136,930 4,510,410 4,422,440 4,270,180 3,746,420 3,836,330
Debt-to-capital ratio 0.31 0.32 0.32 0.31 0.30 0.32 0.35 0.38 0.43 0.49 0.43 0.42 0.37 0.41 0.35 0.34 0.35 0.38 0.40 0.41

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,838,230K ÷ ($1,838,230K + $4,098,030K)
= 0.31

The debt-to-capital ratio of CNX Resources Corp has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.41 in March 2020 and decreased gradually to reach its lowest point at 0.30 in December 2023. This indicates a decreasing reliance on debt in relation to the company's overall capital structure during this period.

However, from March 31, 2024, the ratio started to increase again, reaching 0.32 by September 30, 2024. This could suggest a possible shift towards higher debt levels or a decrease in capital. Overall, the debt-to-capital ratio of CNX Resources Corp fluctuated within a range of 0.30 to 0.49 over the analyzed period, indicating varying levels of debt usage in relation to the company's total capital.

It is important for stakeholders to monitor this ratio closely as it provides insights into the company's financial leverage and risk profile. Changes in the debt-to-capital ratio can impact the company's ability to raise capital, its cost of capital, and overall financial stability.