CNX Resources (CNX Resources) Debt-to-Equity

: 0.54 (As of Dec. 2023)

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CNX Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $381 Mil. CNX Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,984 Mil. CNX Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,361 Mil. CNX Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.54.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for CNX Resources's Debt-to-Equity or its related term are showing as below:

CNX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.61 Max: 0.81
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of CNX Resources was 0.81. The lowest was 0.54. And the median was 0.61.

CNX's Debt-to-Equity is ranked worse than
55.65% of 832 companies
in the Oil & Gas industry
Industry Median: 0.435 vs CNX: 0.54

CNX Resources Debt-to-Equity Historical Data

The historical data trend for CNX Resources's Debt-to-Equity 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.

* Premium members only.

CNX Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.71

0.57

0.61

0.81

0.54

CNX Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.81	0.67	0.58	0.59	0.54

Competitive Comparison

For the Oil & Gas E&P subindustry, CNX Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CNX Resources Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, CNX Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CNX Resources's Debt-to-Equity falls into.

CNX Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CNX Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(381.321	+	1983.737)	/	4361.017
	=	0.54

CNX Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(381.321	+	1983.737)	/	4361.017
	=	0.54

CNX Resources (NYSE:CNX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

CNX Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CNX Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CNX Resources (CNX Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNX Resources Corp (NYSE:CNX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CGD:Germany CGD:Germany

Address

1000 Horizon Vue Drive, Canonsburg, PA, USA, 15317-6506

Website

https://www.cnx.com

CNX Resources Corp is an independent natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.

Executives

Bernard Jr Lanigan	director	150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Navneet Behl	officer: Chief Operating Officer	1000 HORIZON VUE DRIVE, CANONSBURG PA 15317
Robert Agbede	director	1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Hayley Scott	officer: Chief Risk Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ravi Srivastava	officer: Vice President, Green Ventures	1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Alexander John Reyes	officer: EVP, GC & Corp. Sec.	CNX CENTER, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Donald W. Rush	officer: EVP & Chief Financial Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Alan K Shepard	officer: Vice President and CAO	1000 CONSOL ENERGY DRIVE SUITE 400, CANONSBURG PA 15317
N J Deiuliis	director, officer: President and CEO	1800 WASHINGTON RD., PITTSBURGH PA 15421-4000
Stephanie L Gill	officer: SVP, GC and Secretary	C/O VERTIV HOLDINGS CO, 1050 DEARBORN DRIVE, COLUMBUS OH 43085
Olayemi Akinkugbe	officer: Chief Excellence Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ian R Mcguire	director	PO BOX 1526, ROSS CA 94957
J. Palmer Clarkson	director	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Chad A Griffith	officer: VP Commercial & VP Marketing	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Andrea D. Passman	officer: Sr VP Engineering & Operations	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317