SunCoke Energy Inc (SXC)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.45 | 2.70 | 2.83 | 3.24 | 3.44 |
SunCoke Energy Inc's solvency ratios indicate a strong financial position with consistently low debt levels relative to its assets, capital, and equity over the years analyzed. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio remained at 0.00 throughout the period from 2020 to 2024, suggesting that the company's debt obligations are very minimal compared to its total assets, capital, and equity.
Furthermore, the Financial leverage ratio decreased steadily from 3.44 in 2020 to 2.45 in 2024. This downward trend indicates an improving ability of the company to meet its financial obligations through a mix of debt and equity, with a decreasing reliance on debt financing. This reduction in financial leverage reflects a conservative approach to managing the company's capital structure and indicates a lower level of financial risk for the business.
Overall, the solvency ratios of SunCoke Energy Inc demonstrate a stable and healthy financial position with a low level of debt relative to its total assets, capital, and equity, coupled with a declining trend in financial leverage ratio, which bodes well for the company's long-term financial stability and ability to weather economic uncertainties.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 6.49 | 4.58 | 4.78 | 2.56 | 1.34 |
The interest coverage ratio for SunCoke Energy Inc has been gradually increasing over the past five years, indicating improving financial health and stability. As of December 31, 2020, the interest coverage stood at 1.34, which suggests that the company's operating income was able to cover its interest expenses 1.34 times.
By December 31, 2021, the ratio improved to 2.56, indicating a better ability to meet interest obligations. This positive trend continued in the following years, with the interest coverage ratio reaching 4.78 by December 31, 2022, and then slightly decreasing to 4.58 by December 31, 2023.
As of the most recent data available, December 31, 2024, SunCoke Energy Inc's interest coverage ratio further improved to 6.49. This implies that the company's operating income was 6.49 times higher than its interest expenses, reflecting a strong financial position and the ability to comfortably manage and service its interest payments.
Overall, the increasing trend in the interest coverage ratio indicates that SunCoke Energy Inc has been effectively managing its interest payments and suggests a strengthened capacity to handle its debt obligations.