CNX Resources Corp (CNX)

Solvency ratios

	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
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
Debt-to-capital ratio	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	0.40	0.37	0.38	0.37
Debt-to-equity ratio	0.43	0.47	0.54	0.62	0.75	0.97	0.75	0.74	0.60	0.69	0.55	0.52	0.54	0.60	0.68	0.69	0.66	0.60	0.61	0.58
Financial leverage ratio	1.98	2.15	2.14	2.34	2.89	4.37	3.43	3.20	2.19	2.58	1.95	1.79	1.82	1.90	2.22	2.22	2.18	2.09	2.11	2.08

The solvency ratios of CNX Resources Corp indicate its ability to meet its long-term financial obligations and manage its debt levels effectively.

The debt-to-assets ratio has remained relatively stable around 0.26 in the past quarters, suggesting that CNX Resources Corp finances a modest portion of its total assets through debt.

The debt-to-capital ratio has shown a decreasing trend from Q4 2022 to Q3 2023, indicating that the company has been reducing its reliance on debt financing in relation to its total capital structure. However, it should be noted that the ratio increased slightly in the most recent quarter.

The debt-to-equity ratio has fluctuated but generally been decreasing from a high of 1.14 in Q3 2022 to 0.51 in Q4 2023. This demonstrates an improvement in the company's financial leverage and decreased reliance on debt to fund operations.

The financial leverage ratio, which measures the company's total assets in relation to its equity, has also shown a decreasing trend over the quarters, indicating that CNX Resources Corp has been reducing its financial risks and increasing its equity cushion.

Overall, the solvency ratios of CNX Resources Corp suggest that the company has been managing its debt levels effectively and improving its financial stability over the quarters.

Coverage ratios

	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
Interest coverage	16.51	21.12	19.23	15.41	-0.66	-3.33	-10.46	-13.24	-3.21	-7.44	-1.06	0.74	-2.85	-6.31	-3.77	-1.65	0.65	3.35	3.51	2.20

CNX Resources Corp's interest coverage ratio has shown a significant improvement in the past four quarters, ranging from 15.62 to 20.31. This indicates that the company's ability to meet its interest obligations from its operating income has strengthened over time. The trend demonstrates a positive sign of financial health and stability. However, it is noteworthy that in the previous quarters of 2022, the interest coverage ratio was negative, which could be a cause for concern. Overall, the recent quarters have shown a positive trend in interest coverage, reflecting an improvement in CNX Resources Corp's financial position.