Warrior Met Coal Inc (HCC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,874,450 | 1,745,210 | 1,661,300 | 1,578,290 | 1,447,520 | 1,347,630 | 1,291,060 | 1,018,610 | 871,983 | 735,363 | 698,154 | 700,303 | 725,241 | 759,711 | 774,963 | 785,122 | 765,582 | 745,937 | 712,658 | 819,064 |
| Debt-to-capital ratio | 0.08 | 0.08 | 0.15 | 0.16 | 0.17 | 0.18 | 0.21 | 0.25 | 0.28 | 0.32 | 0.35 | 0.35 | 0.34 | 0.33 | 0.33 | 0.34 | 0.31 | 0.31 | 0.32 | 0.29 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $153,023K ÷ ($153,023K + $1,874,450K)
= 0.08
Warrior Met Coal Inc's debt-to-capital ratio has shown a decreasing trend over the past eight quarters, indicating an improvement in the company's overall capital structure. The ratio has declined from 0.28 in Q1 2022 to 0.08 in Q4 2023. This suggests that the company has been successful in reducing its reliance on debt financing relative to its total capital.
A lower debt-to-capital ratio is generally viewed favorably by investors and creditors as it indicates a healthier balance between debt and equity in the company's capital structure. Warrior Met Coal Inc's decreasing trend in this ratio may be attributed to various factors such as debt repayment, improved profitability, or effective capital management strategies.
Overall, the declining debt-to-capital ratio of Warrior Met Coal Inc reflects a positive trend in the company's financial health and stability, potentially enhancing its ability to weather economic uncertainties and pursue future growth opportunities.
Peer comparison
Dec 31, 2023