SunCoke Energy Inc (SXC)

Financial leverage 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
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
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
Financial leverage ratio		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	3.57	3.39	2.99	4.44

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,660,400K ÷ $614,200K
= 2.70

The financial leverage ratio of SunCoke Energy Inc has shown some fluctuations over the past eight quarters. The ratio was relatively stable around 2.70 to 2.81 in the first half of 2023, indicating a moderate level of financial leverage during that period. However, there was a slight increase in Q4 2023 to 2.70, suggesting a minor improvement in the company's leverage position compared to the previous quarter.

Looking back further, we can see a general upward trend in the financial leverage ratio from Q1 2022 to Q2 2022, reaching a peak of 3.25 in Q1 2022. This indicates a higher level of financial leverage during that period, which may have posed greater financial risk for the company.

It is important for stakeholders to monitor the financial leverage ratio of SunCoke Energy Inc closely to assess the company's ability to meet its financial obligations and manage its debt levels effectively. fluctuations in this ratio can indicate changes in the company's financial health and risk profile over time.