Chemours Co (CC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 737,000 | 755,000 | 808,000 | 1,227,000 | 1,107,000 | 1,284,000 | 1,214,000 | 1,166,000 | 1,081,000 | 998,000 | 898,000 | 850,000 | 813,000 | 732,000 | 657,000 | 655,000 | 689,000 | 837,000 | 823,000 | 810,000 |
| Financial leverage ratio | 11.20 | 10.53 | 9.48 | 6.21 | 6.90 | 6.03 | 6.37 | 6.45 | 6.98 | 7.55 | 8.33 | 8.44 | 8.71 | 9.49 | 10.71 | 10.61 | 10.53 | 8.91 | 9.03 | 9.04 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,251,000K ÷ $737,000K
= 11.20
Based on the financial leverage ratios provided for Chemours Co over the past few quarters, there has been fluctuation in the company's leverage position. The financial leverage ratio, which indicates the extent to which the company relies on debt to finance its operations, has shown an increasing trend from the first quarter of 2020 to the fourth quarter of 2021. This trend suggests that the company was progressively increasing its leverage during this period.
However, from the first quarter of 2022 onwards, there has been a mixed pattern in the financial leverage ratio. The ratio decreased significantly in the first quarter of 2023, indicating a possible reduction in the company's reliance on debt. This was followed by a subsequent increase in the second quarter of 2023, before declining again in the third quarter of 2023.
Overall, the financial leverage ratio for Chemours Co has shown volatility in recent quarters, with fluctuations suggesting shifts in the company's capital structure and leverage strategy. It is essential for stakeholders to monitor these changes to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023