Celanese Corporation (CE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 22,857,000 | 26,597,000 | 26,272,000 | 11,975,000 | 10,909,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $22,857,000K
= 0.00
The debt-to-assets ratio of Celanese Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period and has primarily relied on equity to fund its operations and investments. A 0.00 debt-to-assets ratio often signifies a strong financial position with low financial risk, as the company is not burdened by significant debt obligations relative to its asset base. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of Celanese Corporation's overall financial health and performance.
Peer comparison
Dec 31, 2024