Century Aluminum Company (CENX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 694,400 | 601,500 | 601,500 | 355,600 | 333,400 | 372,900 | 362,400 | 399,300 | 516,600 | 479,000 | 439,800 | 421,000 | 320,200 | 370,400 | 408,300 | 546,100 | 592,400 | 648,700 | 673,800 | 675,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.55 | 0.00 | 0.52 | 0.52 | 0.49 | 0.42 | 0.44 | 0.46 | 0.44 | 0.51 | 0.47 | 0.37 | 0.31 | 0.29 | 0.28 | 0.27 | 0.27 |
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 shown some fluctuations over the years. From December 31, 2019, to June 30, 2022, the ratio ranged between 0.27 and 0.47, indicating a relatively stable level of debt in relation to capital during this period. However, there was a noticeable increase in the ratio to 0.51 by September 30, 2021, followed by a slight decline to 0.44 by December 31, 2021.
The ratio then increased to 0.52 by March 31, 2022, and declined slightly to 0.42 by September 30, 2022. Subsequently, the ratio increased again to 0.49 by December 31, 2022, and further to 0.55 by March 31, 2023. Notably, as of September 30, 2023, the ratio dramatically dropped to 0.00, indicating a significant change in the company's debt and capital structure.
For the periods ending June 30, 2024, and December 31, 2024, the debt-to-capital ratio remained at 0.00, signifying that the company may have reduced its debt to a minimal level or possibly experienced a change in its capital structure during these quarters.
Overall, the trend in the debt-to-capital ratio of Century Aluminum Company shows fluctuations, with periods of stability followed by more significant changes in the relationship between debt and capital, reflecting potential strategic decisions or financial restructuring within the company.
Peer comparison
Dec 31, 2024