SunCoke Energy Inc (SXC)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
SunCoke Energy Inc's solvency ratios indicate a strong financial position with consistently low levels of debt in relation to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been recorded as 0.00% for the past several periods, indicating that the company has no significant debt obligations compared to its total assets, capital, and equity.
The Financial Leverage ratio, which measures the extent to which the company is using debt to finance its operations, has shown a decreasing trend over the years. The ratio decreased from 3.87 in March 2020 to 2.45 in December 2024. This declining trend signifies that the company has been reducing its reliance on debt financing, which is a positive indicator of financial stability and robustness.
In conclusion, SunCoke Energy Inc's solvency ratios reflect a solid financial position and a conservative approach to debt management, with consistently low debt levels and a decreasing financial leverage ratio over the years.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.49 | 5.92 | 5.00 | 4.84 | 4.58 | 4.25 | 4.64 | 4.38 | 4.80 | 4.96 | 4.78 | 4.02 | 3.33 | 2.42 | 1.65 | 1.47 | 1.23 | 1.45 | -2.36 | -2.41 |
Interest coverage ratio measures a company's ability to meet its interest obligations on outstanding debt. A higher ratio indicates a stronger ability to cover interest expenses from operating income.
For SunCoke Energy Inc, the interest coverage ratio has shown improvement over the quarters, starting at negative values in March and June 2020, indicating the company had difficulty covering its interest payments with its operating earnings.
From September 2020 onwards, the ratio turned positive, indicating a positive trend in the company's ability to cover its interest expenses. The ratio continued to increase steadily throughout 2021 and 2022, reaching a peak of 6.49 in December 2024.
Overall, the increasing trend in SunCoke Energy Inc's interest coverage ratio suggests an improvement in the company's ability to meet its interest obligations through operating income. This may be seen as a positive signal for the company's financial health and debt management capabilities.