Coronado Global Resources Inc. (CODQL) — the dividend is covered by nothing
Fiscal year ending 2025-12-31 · sector Energy · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | negative | The company lost $2.58 per share, so there are no earnings to pay a dividend out of and no ratio exists. |
| Operating cash flow | negative | Operations consumed $80.0m of cash rather than producing any, so no ratio exists. |
| Free cash flow | negative | Operating cash flow was $325m short of capital spending, so no ratio exists. The dividend was not funded from free cash flow this year. |
Nothing is marked as applying, deliberately — no basis produces a ratio. Earnings, operating cash flow and free cash flow are all negative, so there is no denominator to divide the dividend by. That is not a gap in the data; it is the answer. The dividend was funded from something other than the money the business made this year — borrowing, cash on hand, or asset sales — and the filing will say which.
Coverage rating 48 / 100 — Tight. ? Peer standing 11/50Direction 30/30Stability 7/20
Free cash flow payout, last 3 years
| Fiscal year | Payout |
|---|---|
| 2023-12-31 | 53.9% |
| 2022-12-31 | 96.3% |
| 2019-12-31 | 138.7% |
Coverage has improved three years running, 138.7% to 53.9%.
Among the 32 energy companies here, only 22% pay out a larger share on this basis — this is at the demanding end.
The arithmetic
- GAAP earnings — dividends declared per share $0.05 ÷ diluted EPS $-2.58
- Operating cash flow — dividends paid $8.3m ÷ operating cash flow $-80.0m
- Free cash flow — dividends paid $8.3m ÷ (operating cash flow $-80.0m − capex $244.8m)
Where the figures came from
- 10-K filed 2026-03-03 · accession
0001562762-26-000024
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS derived from dividends paid ($0.05); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.