Cabot Corporation (CBT)
Debt-to-equity ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,087,000 | 1,083,000 | 1,088,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,425,000 | 1,346,000 | 1,367,000 | 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 |
| Debt-to-equity ratio | 0.76 | 0.80 | 0.80 | 0.83 | 0.87 | 0.97 | 1.00 | 1.08 | 1.21 | 1.23 | 0.77 | 0.90 | 0.76 | 1.14 | 1.34 | 1.32 | 1.58 | 1.25 | 1.29 | 1.07 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,087,000K ÷ $1,425,000K
= 0.76
The debt-to-equity ratio of Cabot Corporation has shown some fluctuations over the past few years. From December 2019 to September 2020, the ratio increased steadily, reaching a peak of 1.58 in December 2020. Subsequently, there was a slight decrease in the ratio until the first quarter of 2021, where it stood at 1.32. However, there was a significant drop in the ratio by the second quarter of 2021 to 0.90. This decrease was followed by a fluctuating trend, with the ratio fluctuating between 0.76 and 1.34 until September 2023.
From September 2023 to June 2024, the debt-to-equity ratio increased steadily, reaching 0.80 in June 2024. The ratio increased further to 0.83 in September 2024, indicating a moderate increase in the level of debt relative to equity over this period.
Overall, the trend in Cabot Corporation's debt-to-equity ratio indicates some level of variability in the company's capital structure and financial leverage. It is important to closely monitor changes in the debt-to-equity ratio to assess the company's risk profile and financial stability.
Peer comparison
Sep 30, 2024