Warrior Met Coal Inc (HCC)

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	0.06	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
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
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
Financial leverage ratio	1.26	1.27	1.35	1.36	1.40	1.44	1.47	1.61	1.68	1.83	1.93	1.97	1.92	1.83	1.80	1.83	1.76	1.81	1.81	1.71

Warrior Met Coal Inc's solvency ratios provide valuable insights into the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has shown a decreasing trend over the past four quarters, indicating that the company is relying less on debt to finance its assets. This suggests a healthier financial position with a lower risk of default.

Similarly, the debt-to-capital ratio and debt-to-equity ratio both exhibit a declining pattern, showcasing a decreasing reliance on debt compared to capital and equity. This implies that Warrior Met Coal Inc is becoming more stable and less leveraged in its capital structure over time.

The financial leverage ratio, which measures the company's use of debt in its capital structure, has also been showing a consistent downward trend. This indicates that Warrior Met Coal Inc is progressively reducing its dependence on debt financing, leading to a more sustainable and less risky financial position.

Overall, based on the analysis of these solvency ratios, Warrior Met Coal Inc appears to be improving its financial health and reducing its debt burden, which bodes well for its long-term sustainability and ability to weather economic downturns.

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	279.80	212.65	194.81	270.95	244.04	246.33	210.34	105.20	62.79	6.20	-15.76	-21.01	-13.65	17.62	42.54	112.08	217.71	51.47	27.08	16.61

Warrior Met Coal Inc's interest coverage ratio has shown an increasing trend over the past several quarters. In Q1 2022, the interest coverage ratio was 14.04, indicating that the company earned 14 times the amount needed to cover its interest expenses. This ratio improved in subsequent quarters, reaching 87.96 in Q1 2023, reflecting a significant increase in the company's ability to meet its interest obligations. The consistent growth in the interest coverage ratio suggests that Warrior Met Coal Inc is becoming more financially stable and better positioned to handle its debt requirements. However, it is worth noting that the absence of data for interest coverage in the more recent quarters (Q2 to Q4 2023) limits a complete assessment of the company's current financial health.