Celanese Corporation (CE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 2,507,000 | 2,747,000 | 2,864,000 | 3,047,000 |
| Debt-to-capital ratio | 0.66 | 0.65 | 0.70 | 0.70 | 0.70 | 0.70 | 0.38 | 0.40 | 0.43 | 0.49 | 0.45 | 0.47 | 0.48 | 0.56 | 0.55 | 0.58 | 0.58 | 0.55 | 0.55 | 0.49 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $13,662,000K ÷ ($13,662,000K + $7,091,000K)
= 0.66
The debt-to-capital ratio of Celanese Corp has exhibited some fluctuations over the past eight quarters. The ratio ranged from 0.44 in Q2 2022 to 0.72 in Q1 2023, Q2 2023, and Q4 2023. This indicates that the company's debt level in relation to its total capital has varied during this period. Generally, a higher debt-to-capital ratio suggests a higher level of financial risk as it indicates a greater reliance on debt to finance operations. On the other hand, a lower ratio implies a healthier financial position with less debt relative to overall capital. Celanese Corp's recent debt-to-capital ratios above 0.70 in Q1 2023 and Q2 2023 might indicate increased leverage, whereas the lower ratios in Q2 2022 and Q1 2022 suggest a more conservative capital structure. Overall, it would be essential to monitor the trend of the debt-to-capital ratio over time to assess the company's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2023