SunCoke Energy Inc (SXC)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	1,668,200	1,654,800	1,657,500	1,653,300	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
Total stockholders’ equity	US$ in thousands	680,200	658,600	636,900	623,000	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
Financial leverage ratio		2.45	2.51	2.60	2.65	2.70	2.76	2.70	2.81	2.83	2.92	3.11	3.25	3.24	3.27	3.41	3.35	3.44	3.47	3.45	3.87

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,668,200K ÷ $680,200K
= 2.45

Based on the provided data, SunCoke Energy Inc's financial leverage ratio has been gradually decreasing over the past few years, from 3.87 as of March 31, 2020, to 2.45 as of December 31, 2024. This indicates an improvement in the company's financial health in terms of its ability to meet its financial obligations using debt financing.

A decrease in the financial leverage ratio implies that the company is relying less on debt and more on equity to finance its operations. This can be a positive sign for investors and creditors as it suggests a lower risk of default and a stronger financial position for the company.

SunCoke Energy Inc's decreasing financial leverage ratio may indicate that the company is managing its debt levels effectively, reducing its overall financial risk, and potentially increasing its profitability and shareholder value in the long term. It is essential for the company to continue monitoring and managing its leverage ratio to ensure sustainable financial stability.