Cabot Corporation (CBT)
Debt-to-capital ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,098,000 | 1,094,000 | 1,093,000 | 1,094,000 | 1,091,000 | 1,089,000 | 1,097,000 | 711,000 | 714,000 | 717,000 | 1,088,000 | 1,087,000 | 1,085,000 | 1,094,000 | 1,164,000 | 1,190,000 | 1,095,000 | 1,024,000 | 1,017,000 | 672,000 |
| Total stockholders’ equity | US$ in thousands | 1,329,000 | 1,264,000 | 1,131,000 | 1,099,000 | 1,009,000 | 898,000 | 895,000 | 918,000 | 794,000 | 947,000 | 955,000 | 811,000 | 823,000 | 691,000 | 930,000 | 925,000 | 1,027,000 | 998,000 | 1,092,000 | 1,104,000 |
| Debt-to-capital ratio | 0.45 | 0.46 | 0.49 | 0.50 | 0.52 | 0.55 | 0.55 | 0.44 | 0.47 | 0.43 | 0.53 | 0.57 | 0.57 | 0.61 | 0.56 | 0.56 | 0.52 | 0.51 | 0.48 | 0.38 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,098,000K ÷ ($1,098,000K + $1,329,000K)
= 0.45
Cabot Corp.'s debt-to-capital ratio has been gradually decreasing over the past 8 quarters, indicating a positive trend towards a lower leverage position. The ratio decreased from 0.62 in Q4 2022 to 0.50 in Q1 2024. This implies that the company has been able to manage its debt levels relative to its total capital, which may reduce financial risk and improve financial stability. It is worth noting that the ratio fluctuated slightly during this period, with a peak at 0.58 in Q1 2023 and a low point at 0.50 in Q1 2024. Overall, the decreasing trend of the debt-to-capital ratio suggests that Cabot Corp. has been effectively managing its capital structure and debt levels.
Peer comparison
Dec 31, 2023