SunCoke Energy Inc (SXC)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.30 | 0.29 | 0.30 | 0.32 | 0.32 | 0.33 | 0.35 | 0.37 | 0.38 | 0.38 | 0.41 | 0.40 | 0.42 | 0.43 | 0.46 | 0.49 | 0.44 | 0.44 | 0.40 | 0.40 |
| 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 |
| Debt-to-equity ratio | 0.80 | 0.81 | 0.81 | 0.89 | 0.90 | 0.98 | 1.10 | 1.19 | 1.23 | 1.23 | 1.39 | 1.34 | 1.44 | 1.50 | 1.58 | 1.91 | 1.59 | 1.50 | 1.19 | 1.76 |
| 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 |
SunCoke Energy Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has remained fairly stable at around 0.30 to 0.32 over the past few quarters, indicating that about 30% to 32% of the company's assets are financed by debt.
The debt-to-capital ratio and debt-to-equity ratio have shown a slight downward trend from Q1 2022 to Q4 2023, indicating a decreasing reliance on debt for financing the company's capital structure. The decreasing trend is a positive sign as it shows a lower level of financial risk for the company, with the debt-to-capital ratio ranging from 0.44 to 0.54 and the debt-to-equity ratio ranging from 0.80 to 1.20.
The financial leverage ratio has also decreased over the quarters, from 3.25 in Q1 2022 to 2.70 in Q4 2023. This decline indicates that the company is reducing its financial leverage, which could lead to lower interest expenses and decreased financial risk.
Overall, the trend in SunCoke Energy Inc's solvency ratios shows a positive direction towards a stronger financial position and lower reliance on debt financing. However, it is important to continue monitoring these ratios to ensure the company's long-term financial stability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.36 | 4.06 | 4.48 | 4.24 | 4.67 | 4.82 | 4.64 | 3.05 | 2.45 | 1.73 | 1.01 | 1.41 | 1.25 | 1.39 | -2.36 | -2.40 | -2.43 | -2.39 | 1.54 | 1.54 |
The interest coverage ratio measures a company's ability to meet its interest obligations with its earnings before interest and taxes (EBIT). A higher interest coverage ratio indicates a company is more capable of covering its interest expenses.
Based on the data provided for SunCoke Energy Inc, the interest coverage ratio has fluctuated over the past eight quarters. It ranged from a low of 4.02 in Q1 2022 to a high of 4.96 in Q3 2022.
The average interest coverage ratio for the period is approximately 4.53, suggesting that SunCoke Energy Inc has generally been able to cover its interest expenses about 4.5 times over the period analyzed. This indicates a reasonable level of financial health in terms of its ability to meet its interest obligations.
Overall, the trend in interest coverage ratios for SunCoke Energy Inc has been relatively stable, staying above 4.0 over the period, which is generally considered a healthy level. However, monitoring this ratio closely is important to ensure the company maintains its ability to meet its interest payments in the future.