Chemours Co (CC)
Debt-to-assets 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 | 3,987,000 | 3,944,000 | 3,604,000 | 3,599,000 | 3,590,000 | 3,510,000 | 3,656,000 | 3,692,000 | 3,724,000 | 3,829,000 | 3,964,000 | 3,970,000 | 4,005,000 | 4,063,000 | 4,327,000 | 4,012,000 | 4,026,000 | 4,007,000 | 4,190,000 | 3,965,000 |
| Total assets | US$ in thousands | 8,251,000 | 7,948,000 | 7,660,000 | 7,624,000 | 7,640,000 | 7,745,000 | 7,730,000 | 7,524,000 | 7,550,000 | 7,530,000 | 7,479,000 | 7,170,000 | 7,082,000 | 6,948,000 | 7,034,000 | 6,948,000 | 7,258,000 | 7,456,000 | 7,433,000 | 7,325,000 |
| Debt-to-assets ratio | 0.48 | 0.50 | 0.47 | 0.47 | 0.47 | 0.45 | 0.47 | 0.49 | 0.49 | 0.51 | 0.53 | 0.55 | 0.57 | 0.58 | 0.62 | 0.58 | 0.55 | 0.54 | 0.56 | 0.54 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,987,000K ÷ $8,251,000K
= 0.48
The trend in Chemours Co's debt-to-assets ratio over the past five years shows fluctuations, with the ratio varying between 0.45 to 0.58. The ratio peaked at 0.62 in the second quarter of 2020 before declining slightly in subsequent quarters.
Between December 2020 and June 2021, the debt-to-assets ratio increased steadily from 0.57 to 0.53, and then further to 0.51, indicating a higher proportion of debt relative to assets during this period. However, from the third quarter of 2021 to the fourth quarter of 2022, the ratio started to rise again, reaching a peak of 0.49 in March 2022, and then hitting 0.50 in September 2022.
In the most recent quarter, the debt-to-assets ratio was at 0.48, suggesting that the company's debt level relative to its assets has decreased slightly compared to the previous quarter. This may indicate a potentially improved financial position or a strategic shift in capital structure management.
Overall, the trend in Chemours Co's debt-to-assets ratio reflects varying levels of leverage and financial risk over the analyzed period, with the current ratio indicating that a substantial portion of the company's assets are financed by debt. Investors and stakeholders may need to monitor future developments in the company's debt management strategies and financial health.
Peer comparison
Dec 31, 2023