CNX Resources Corp (CNX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,511,900 | 8,626,660 | 8,515,770 | 8,100,750 | 8,041,760 |
| Total stockholders’ equity | US$ in thousands | 4,098,030 | 4,361,020 | 2,950,460 | 3,700,270 | 4,422,440 |
| Financial leverage ratio | 2.08 | 1.98 | 2.89 | 2.19 | 1.82 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,511,900K ÷ $4,098,030K
= 2.08
The financial leverage ratio of CNX Resources Corp has displayed some fluctuations over the past five years. It increased from 1.82 in December 2020 to 2.19 in December 2021, indicating a higher level of financial leverage. Subsequently, the ratio continued to rise to 2.89 by December 2022, suggesting an even greater reliance on debt to finance the company's operations.
However, by December 2023, the financial leverage ratio decreased to 1.98, signaling a reduction in the company's overall debt levels compared to its equity. This could be seen as a positive development, as lower leverage ratios may signify a healthier financial position and reduced financial risk.
In the most recent period, December 2024, the ratio slightly increased to 2.08, implying a moderate uptick in the company's reliance on debt for financing.
Overall, the trend in CNX Resources Corp's financial leverage ratio indicates varying degrees of leverage over the years, with the company potentially balancing the benefits of debt financing against the associated risks. Investors and stakeholders may closely monitor these changes to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2024