SunCoke Energy (STU:S01) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is SunCoke Energy LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. SunCoke Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

SunCoke Energy's long-term debt to total assets ratio declined from Mar. 2023 (0.32) to Mar. 2024 (0.30). It may suggest that SunCoke Energy is progressively becoming less dependent on debt to grow their business.

SunCoke Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for SunCoke Energy's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SunCoke Energy LT-Debt-to-Total-Asset Chart

SunCoke Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.45

0.42

0.38

0.32

0.30

SunCoke Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.30	0.29	0.30	0.30

SunCoke Energy LT-Debt-to-Total-Asset Calculation

SunCoke Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	449.605	/	1522.587
	=	0.30

SunCoke Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	451.536	/	1521.036
	=	0.30

SunCoke Energy (STU:S01) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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SunCoke Energy (STU:S01) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SunCoke Energy Inc (STU:S01) » Definitions » LT-Debt-to-Total-Asset

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SXC:USA

Address

1011 Warrenville Road, Suite 600, Lisle, IL, USA, 60532

Website

https://www.suncoke.com

SunCoke Energy Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing-based customers.

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