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.