• CNX Resources average debt/equity ratio for 2023 was 0.52, a 35% decline from 2022.
• CNX Resources average debt/equity ratio for 2022 was 0.8, a 35.59% decline from 2021.
• CNX Resources average debt/equity ratio for 2021 was 0.59, a 3.51% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.