Celanese Corporation (CE)

Debt-to-equity ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 13,662,000 13,373,000 3,176,000 3,227,000 3,409,000
Total stockholders’ equity US$ in thousands 7,091,000 5,637,000 4,189,000 3,526,000 2,507,000
Debt-to-equity ratio 1.93 2.37 0.76 0.92 1.36

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $13,662,000K ÷ $7,091,000K
= 1.93

The debt-to-equity ratio for Celanese Corp has fluctuated over the past five years. In 2023, the ratio decreased to 1.93 from 2.60 in 2022, indicating a reduction in financial leverage compared to the prior year. This could suggest that the company relied less on debt financing and had a stronger equity position in 2023. However, when compared to 2021 and 2020, where the ratios were 0.95 and 1.06 respectively, the 2023 ratio appears relatively higher.

Overall, the trend in the debt-to-equity ratio for Celanese Corp shows variability, with potential implications for the company's risk profile, capital structure, and financial flexibility. It is advisable for stakeholders to monitor these ratios over time to assess the company's financial health and risk management strategies.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-equity ratio
Celanese Corporation
CE
1.93
Sealed Air Corporation
SEE
0.04