SunCoke Energy Inc (SXC)

Debt-to-assets 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	490,300	489,800	493,000	528,400	528,900	561,200	594,600	625,000	610,400	597,800	650,200	641,600	673,900	719,700	768,100	924,800	780,000	780,000	828,000	828,800
Total assets	US$ in thousands	1,660,400	1,679,200	1,643,400	1,669,300	1,654,600	1,679,800	1,677,400	1,705,700	1,615,400	1,593,200	1,598,000	1,605,100	1,613,400	1,661,800	1,678,400	1,875,900	1,753,800	1,766,200	2,082,400	2,097,300
Debt-to-assets ratio		0.30	0.29	0.30	0.32	0.32	0.33	0.35	0.37	0.38	0.38	0.41	0.40	0.42	0.43	0.46	0.49	0.44	0.44	0.40	0.40

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 remained relatively stable over the past eight quarters, with values ranging from 0.30 to 0.37. This ratio indicates the proportion of the company's assets financed by debt, with lower values generally suggesting lower financial risk. The consistent ratios observed suggest that SunCoke Energy Inc has maintained a prudent balance between debt and assets in its capital structure. However, the slight increase in the ratio from 0.30 in Q3 2023 to 0.32 in Q1 2023 warrants attention, as it may indicate a slight increase in leverage or a decrease in asset value during that period. Overall, the company's debt-to-assets ratio suggests a reasonable level of financial leverage and prudent management of its capital structure.