Celanese Corporation (CE)
Debt-to-capital ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,175,000 | 7,274,000 | 7,166,000 | 7,071,000 | 7,091,000 | 6,491,000 | 5,624,000 | 5,661,000 | 5,637,000 | 4,950,000 | 4,880,000 | 4,607,000 | 4,189,000 | 3,919,000 | 3,798,000 | 3,542,000 | 3,526,000 | 2,508,000 | 2,487,000 | 2,448,000 |
| 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 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,175,000K)
= 0.00
The debt-to-capital ratio for Celanese Corporation has consistently been reported as 0.00 for all quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not had any financial leverage in its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's capital is entirely composed of equity, with no debt financing involved.
From a financial perspective, a debt-to-capital ratio of 0.00 can be interpreted positively as it suggests that the company is not relying on debt to fund its operations or investments. This may indicate prudent financial management and a lower risk profile, as there is no financial risk associated with debt repayments or interest expenses.
However, it is important to consider that a debt-to-capital ratio of 0.00 may also signal underutilization of debt as a cheaper source of capital compared to equity. The lack of debt in the capital structure may limit financial flexibility and tax advantages that debt financing can provide.
In summary, while a 0.00 debt-to-capital ratio may reflect a conservative financial strategy and reduced financial risk, it is essential for Celanese Corporation to evaluate the optimal mix of debt and equity in its capital structure to maximize shareholder value and enhance long-term financial performance.
Peer comparison
Dec 31, 2024