SunCoke Energy Inc (SXC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 614,200 | 585,600 | 498,100 | 469,000 | 491,600 |
| Debt-to-capital ratio | 0.44 | 0.47 | 0.55 | 0.59 | 0.61 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $490,300K ÷ ($490,300K + $614,200K)
= 0.44
The debt-to-capital ratio of SunCoke Energy Inc has shown a declining trend over the past five years, decreasing from 0.61 in 2019 to 0.44 in 2023. This indicates that the company has been effectively managing its debt relative to its total capital base. A lower debt-to-capital ratio suggests a lower reliance on debt financing and a stronger financial position. SunCoke Energy Inc's decreasing trend in the debt-to-capital ratio may imply improved financial stability and lower financial risk over the years. It is essential for investors and stakeholders to monitor this ratio as it reflects the company's leverage and debt repayment capacity.
Peer comparison
Dec 31, 2023