Century Aluminum Company (CENX)
Debt-to-assets ratio
| Dec 31, 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 430,900 | — | 400,800 | 390,600 | 381,600 | 370,100 | 369,800 | 369,500 | 329,800 | 329,500 | 329,200 | 243,400 | 243,100 | 242,800 | 249,500 | 249,300 | 249,200 |
| Total assets | US$ in thousands | 1,939,400 | 1,805,200 | 1,849,900 | 1,846,500 | 1,761,000 | 1,747,300 | 1,399,100 | 1,472,000 | 1,583,600 | 1,585,000 | 1,688,700 | 1,569,900 | 1,489,200 | 1,405,400 | 1,363,400 | 1,399,600 | 1,405,400 | 1,524,000 | 1,591,100 | 1,499,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.23 | 0.00 | 0.23 | 0.28 | 0.26 | 0.23 | 0.23 | 0.22 | 0.21 | 0.22 | 0.23 | 0.18 | 0.17 | 0.17 | 0.16 | 0.16 | 0.17 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,939,400K
= 0.00
The debt-to-assets ratio of Century Aluminum Company has been fluctuating over the period from December 2019 to December 2024. The ratio stood at 0.17 as of December 2019, remained relatively stable around 0.16 to 0.17 until September 2020. Subsequently, there was a slight increase to 0.18 by March 2021, and then a more significant increase to 0.23 by June 2021.
Although the ratio decreased to 0.21 by December 2021, it rose again to 0.26 by December 2022. This increase was followed by a further rise to 0.28 by March 2023, which was the highest level observed during this period. Notably, there was a substantial drop to 0.00 by September 2023, but the ratio quickly reverted to 0.23 by December 2023 and maintained at 0.23 until June 2024.
The debt-to-assets ratio provides insights into the company's financial leverage and risk exposure. A higher ratio indicates that a larger portion of the company's assets are funded by debt, potentially increasing financial risk. Century Aluminum Company should monitor this ratio closely and ensure that its debt levels are sustainable and aligned with its overall financial strategy.
Peer comparison
Dec 31, 2024