Chemours Co (CC)
Solvency ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 12.44 | 11.36 | 10.03 | 10.61 | 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 |
Chemours Co's solvency ratios indicate a strong financial position with consistently low debt levels in relation to assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 across the reported periods, signaling that the company has no significant debt obligations relative to its total assets, capital, or equity.
Furthermore, the Financial leverage ratio, which measures the proportion of a company's assets that are financed by debt, has shown a decreasing trend from 10.61 in March 2020 to 12.44 in December 2024. Despite the slight increase in the latter periods, the ratio generally remains at a manageable level, below the benchmark of 1, indicating that Chemours Co relies more on equity financing rather than debt to fund its operations.
Overall, the solvency ratios suggest that Chemours Co has a conservative and sustainable capital structure, with low financial leverage and a healthy balance between debt and equity.
Coverage ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.40 | 1.05 | 1.23 | -0.98 | -0.52 | -0.62 | 0.87 | 4.50 | 5.14 | 6.47 | 5.99 | 5.14 | 3.85 | 3.18 | 2.29 | 2.12 | 2.13 | -0.28 | -0.18 | 0.27 |
The interest coverage ratio for Chemours Co has shown fluctuating trends over the period under consideration. It indicates the company's ability to meet its interest obligations from its earnings before interest and taxes (EBIT).
1. From March 2020 to June 2022, the interest coverage ratio improved significantly from negative values to above 5, indicating a positive trend in the company's ability to cover its interest expenses multiple times.
2. However, in the subsequent periods from June 2022 to December 2024, the interest coverage ratio decreased, showing a decline in the company's ability to cover its interest payments adequately.
3. The highest interest coverage ratio of 6.47 was recorded in September 2022, indicating a peak in the company's ability to meet its interest obligations comfortably.
4. On the other hand, the lowest interest coverage ratio was observed in March 2024, at -0.98, suggesting that the company's earnings were insufficient to cover its interest expenses during that period.
Overall, the analysis of Chemours Co's interest coverage ratio reveals fluctuations in the company's ability to cover its interest payments, highlighting periods of both strength and weakness in its financial health.