SunCoke Energy Inc (SXC)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	490,300	528,900	610,400	673,900	780,000
Total assets	US$ in thousands	1,660,400	1,654,600	1,615,400	1,613,400	1,753,800
Debt-to-assets ratio		0.30	0.32	0.38	0.42	0.44

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $490,300K ÷ $1,660,400K
= 0.30

The debt-to-assets ratio of SunCoke Energy Inc has shown a decreasing trend over the past five years, decreasing from 0.45 in 2019 to 0.30 in 2023. This indicates that the company has been reducing its reliance on debt to finance its assets and is becoming more financially stable. A lower debt-to-assets ratio suggests that the company has a lower level of financial leverage and is less risky for creditors. Overall, the decreasing trend in this ratio reflects a positive financial position for SunCoke Energy Inc.