Celanese Corporation (CE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.75 | 3.93 | 4.56 | 4.61 | 4.66 | 4.31 | 2.61 | 2.70 | 2.86 | 2.96 | 2.95 | 3.04 | 3.09 | 3.90 | 3.82 | 3.90 | 3.78 | 3.43 | 3.32 | 3.14 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $26,597,000K ÷ $7,091,000K
= 3.75
The financial leverage ratio of Celanese Corp has shown fluctuations over the last eight quarters. The ratio was 3.75 in Q4 2023, which decreased from the previous quarter's ratio of 3.93. This indicates a reduction in the company's reliance on debt to finance its operations.
However, in the two quarters prior to that, the financial leverage ratio had been increasing steadily, reaching a peak of 4.66 in Q4 2022. This suggests that Celanese Corp had been taking on more debt relative to its equity during that period.
The significant decrease in the ratio in Q2 2022 to 2.61 and the subsequent increase in Q3 2022 to 4.31 indicate fluctuations in the company's capital structure and debt levels during that time.
Overall, the company's financial leverage ratio has shown volatility, with periods of increasing and decreasing leverage over the past eight quarters. It is important for stakeholders to monitor these changes closely to assess the company's risk profile and financial health.
Peer comparison
Dec 31, 2023