Chemours Co (CC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,987,000 | 3,590,000 | 3,724,000 | 4,005,000 | 4,026,000 |
| Total assets | US$ in thousands | 8,251,000 | 7,640,000 | 7,550,000 | 7,082,000 | 7,258,000 |
| Debt-to-assets ratio | 0.48 | 0.47 | 0.49 | 0.57 | 0.55 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,987,000K ÷ $8,251,000K
= 0.48
The debt-to-assets ratio of Chemours Co has exhibited some fluctuation over the past five years. The ratio stood at 0.55 in 2019 before slightly decreasing to 0.49 in 2021. However, there was an increase in the ratio to 0.57 in 2020, indicating a higher level of debt relative to total assets. Subsequently, in 2022 and 2023, the ratio declined to 0.47 and 0.48, respectively, suggesting a better position in terms of debt management and asset utilization. Overall, the company appears to have been moderately successful in maintaining its debt levels relative to its assets, with some variability in the ratio over the years.
Peer comparison
Dec 31, 2023