Warrior Met Coal Inc (HCC)
Debt-to-equity 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-equity ratio | 0.08 | 0.09 | 0.18 | 0.19 | 0.21 | 0.23 | 0.26 | 0.33 | 0.39 | 0.46 | 0.54 | 0.54 | 0.52 | 0.50 | 0.49 | 0.52 | 0.44 | 0.45 | 0.48 | 0.41 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $153,023K ÷ $1,874,450K
= 0.08
Warrior Met Coal Inc's debt-to-equity ratio has fluctuated over the past eight quarters, indicating changes in the company's capital structure and financial leverage. The trend shows a gradual increase from Q1 2022 to Q4 2022, with the ratio reaching its peak at 0.38 in Q1 2022. Subsequently, there was a decrease in the ratio in the following quarters of 2023, indicating potential efforts to reduce debt or increase equity.
A lower debt-to-equity ratio generally implies less financial risk and a stronger financial position, as the company relies less on debt to finance its operations. Warrior Met Coal Inc's decreasing trend in the debt-to-equity ratio from Q1 2022 to Q4 2023 could suggest improved financial health and stability over time. However, it is essential to consider other financial metrics and qualitative factors to assess the overall financial health and performance of the company accurately.
Peer comparison
Dec 31, 2023