Warrior Met Coal Inc (HCC)
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 | 153,023 | 152,883 | 295,311 | 295,051 | 302,588 | 303,916 | 340,356 | 340,078 | 339,806 | 340,491 | 380,292 | 380,098 | 379,908 | 379,722 | 379,541 | 409,363 | 339,189 | 339,020 | 338,854 | 338,699 |
| Total assets | US$ in thousands | 2,357,060 | 2,219,250 | 2,244,080 | 2,150,990 | 2,028,100 | 1,935,280 | 1,898,920 | 1,643,350 | 1,464,210 | 1,344,610 | 1,347,080 | 1,379,990 | 1,393,940 | 1,391,010 | 1,397,190 | 1,439,170 | 1,344,260 | 1,349,580 | 1,290,480 | 1,400,000 |
| Debt-to-assets ratio | 0.06 | 0.07 | 0.13 | 0.14 | 0.15 | 0.16 | 0.18 | 0.21 | 0.23 | 0.25 | 0.28 | 0.28 | 0.27 | 0.27 | 0.27 | 0.28 | 0.25 | 0.25 | 0.26 | 0.24 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $153,023K ÷ $2,357,060K
= 0.06
The debt-to-assets ratio of Warrior Met Coal Inc has fluctuated over the past eight quarters, ranging from 0.07 to 0.24. A lower ratio indicates lower financial risk as it suggests the company has a lower level of debt relative to its total assets.
The trend in the debt-to-assets ratio shows that the company's financial leverage has decreased in the most recent quarter, Q4 2023, compared to Q3 2023. This could be a positive sign that the company is managing its debt levels effectively and may be improving its financial health.
It is worth noting that the debt-to-assets ratio reached its peak in Q1 2022 at 0.24, indicating higher financial risk at that time. Since then, the ratio has generally been declining, which may reflect efforts by the company to reduce its debt burden and improve its financial stability.
Overall, monitoring the debt-to-assets ratio over time provides valuable insights into Warrior Met Coal Inc's capital structure and financial risk management. It is important for investors and stakeholders to continue tracking this ratio to assess the company's ability to meet its debt obligations and sustain its operations in the long term.
Peer comparison
Dec 31, 2023