SunCoke Energy Inc (SXC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 614,200 | 608,300 | 609,000 | 593,500 | 585,600 | 575,500 | 539,100 | 525,000 | 498,100 | 487,700 | 468,400 | 479,500 | 469,000 | 478,900 | 486,400 | 484,200 | 491,600 | 520,600 | 696,500 | 472,100 |
Debt-to-capital ratio | 0.44 | 0.45 | 0.45 | 0.47 | 0.47 | 0.49 | 0.52 | 0.54 | 0.55 | 0.55 | 0.58 | 0.57 | 0.59 | 0.60 | 0.61 | 0.66 | 0.61 | 0.60 | 0.54 | 0.64 |
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 for SunCoke Energy Inc has exhibited a declining trend over the past eight quarters, indicating improved financial leverage and a lower reliance on debt financing relative to total capital. The ratio decreased from 0.54 in Q1 2022 to 0.44 in Q4 2023. This suggests that the company has been gradually reducing its debt levels or increasing its capital base, which can enhance its financial stability and solvency. Overall, a decreasing debt-to-capital ratio reflects a positive financial position for SunCoke Energy Inc.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-capital ratio
SunCoke Energy Inc
SXC
0.44
Carpenter Technology Corporation
CRS
0.30
Commercial Metals Company
CMC
0.00
Metallus Inc
MTUS
0.00
Nucor Corp
NUE
0.00
Steel Dynamics Inc
STLD
0.23
Titan International Inc
TWI
0.00
United States Steel Corporation
X
0.00