Century Aluminum Company (CENX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 430,900 | 381,600 | 329,800 | 243,100 |
| Total stockholders’ equity | US$ in thousands | 694,400 | 355,600 | 399,300 | 421,000 | 546,100 |
| Debt-to-capital ratio | 0.00 | 0.55 | 0.49 | 0.44 | 0.31 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $694,400K)
= 0.00
The debt-to-capital ratio of Century Aluminum Company has displayed a fluctuating trend over the past five years. Starting at 0.31 on December 31, 2020, the ratio increased to 0.44 by December 31, 2021, and further rose to 0.49 by December 31, 2022. A significant surge was observed by December 31, 2023, reaching a ratio of 0.55, signaling a higher proportion of debt relative to total capital. However, there was a notable deviation from this pattern on December 31, 2024, with the ratio plummeting to 0.00, indicating a potential shift in the company's capital structure or debt management strategy during that period. This trend suggests varying levels of leverage and capital structure adjustments by Century Aluminum Company over the analyzed period.
Peer comparison
Dec 31, 2024