Celanese Corporation (CE)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 4.42 | 3.56 | 3.60 | 3.68 | 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 |
Celanese Corporation has consistently maintained a very low level of debt in relation to its assets over the analyzed period, with a debt-to-assets ratio of 0.00 throughout. This indicates that the company relies minimally on debt financing to fund its operations and investments, which can be seen as a positive sign of financial stability and solvency.
Similarly, the debt-to-capital ratio and debt-to-equity ratio have also remained at 0.00 consistently, reflecting the company's strong financial position and minimal reliance on debt to finance its operations. This indicates that Celanese Corporation is able to support its business activities primarily through equity and internal funds, rather than external borrowing.
The financial leverage ratio, which measures the proportion of a company's debt to its equity, indicates that Celanese Corporation's reliance on debt has been relatively low and stable over the analyzed period. The ratio decreased from 3.90 in March 2020 to 3.56 in September 2024, indicating a decreasing trend in leveraging the company's equity with debt. However, there was a spike in the financial leverage ratio in the third and fourth quarters of 2022, reaching 4.66 in December 2022, which might require further investigation to understand the reasons behind the sudden increase.
Overall, Celanese Corporation's solvency ratios suggest a strong and stable financial position, with minimal debt levels and consistent financial leverage over the analyzed period.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -0.47 | 1.95 | 2.70 | 2.73 | 2.64 | 2.38 | 1.85 | 2.67 | 4.51 | 8.49 | 18.94 | 24.25 | 24.53 | 35.06 | 28.97 | 23.34 | 21.65 | 7.50 | 8.30 | 9.03 |
The interest coverage ratio for Celanese Corporation has shown variability over the years. It improved significantly from the end of 2020 to the middle of 2021, indicating the company's ability to cover its interest expenses comfortably during that period. However, there was a notable decline in the interest coverage ratio from the middle of 2021 to the end of 2022, which may suggest a potential decrease in the company's ability to cover its interest obligations. The ratio continued to decrease into 2024, reaching negative territory by the end of December 2024. This negative interest coverage ratio indicates that Celanese Corporation may have faced challenges in meeting its interest payments compared to its operating income during this period. It is important for the company to carefully manage its financial obligations to avoid potential liquidity issues or financial distress resulting from inadequate interest coverage.