Celanese Corporation (CE)
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 | 13,662,000 | 12,291,000 | 12,889,000 | 13,396,000 | 13,373,000 | 11,360,000 | 3,022,000 | 3,132,000 | 3,176,000 | 3,724,000 | 3,156,000 | 3,135,000 | 3,227,000 | 3,140,000 | 2,989,000 | 3,356,000 | 3,409,000 | 3,359,000 | 3,444,000 | 2,933,000 |
| Total assets | US$ in thousands | 26,597,000 | 25,538,000 | 25,649,000 | 26,090,000 | 26,272,000 | 21,337,000 | 12,713,000 | 12,426,000 | 11,975,000 | 11,583,000 | 11,220,000 | 10,756,000 | 10,909,000 | 9,769,000 | 9,506,000 | 9,545,000 | 9,476,000 | 9,414,000 | 9,506,000 | 9,574,000 |
| Debt-to-assets ratio | 0.51 | 0.48 | 0.50 | 0.51 | 0.51 | 0.53 | 0.24 | 0.25 | 0.27 | 0.32 | 0.28 | 0.29 | 0.30 | 0.32 | 0.31 | 0.35 | 0.36 | 0.36 | 0.36 | 0.31 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $13,662,000K ÷ $26,597,000K
= 0.51
The debt-to-assets ratio of Celanese Corp has been relatively fluctuating over the past eight quarters. The ratio decreased from 0.58 in Q3 2022 to 0.30 in Q2 2022, but then steadily increased to 0.57 in Q1 2023. Subsequently, there was a slight decrease to 0.56 in Q2 2023, followed by a further decline to 0.54 in Q3 2023, and finally standing at 0.51 in Q4 2023.
Overall, the trend indicates that Celanese Corp's reliance on debt to finance its operations and investments has been moderate, with the ratio hovering around the mid-50% range for most of the periods reviewed. The decrease in the debt-to-assets ratio in Q2 2022 may suggest a period of deleveraging, while the subsequent increase in Q1 2023 could indicate a return to a higher level of debt utilization. It is essential for stakeholders to monitor this ratio closely as it provides insights into the company's financial leverage and risk exposure.
Peer comparison
Dec 31, 2023