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