Century Aluminum Company (CENX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 1.21 | 0.00 | 1.07 | 1.08 | 0.96 | 0.72 | 0.77 | 0.84 | 0.78 | 1.03 | 0.89 | 0.60 | 0.45 | 0.41 | 0.38 | 0.37 | 0.37 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $694,400K
= 0.00
The debt-to-equity ratio of Century Aluminum Company has exhibited fluctuations over the period provided. The ratio was relatively stable in the range of 0.37 to 0.45 from December 2019 to December 2020. However, there was a significant increase in the ratio in the following periods, reaching 1.03 by September 2021. This indicates a higher level of debt relative to equity during this period.
Subsequently, there was a decrease in the debt-to-equity ratio, dropping to 0.77 by June 2022. However, the ratio increased again to 1.21 by December 2023, signaling a substantial increase in debt compared to equity at that point.
Interestingly, the ratio dropped to 0.00 by September 2023, indicating either a significant reduction in debt or a considerable increase in equity during that period. The subsequent quarters also show the ratio at 0.00, which may suggest a potential anomaly in the data or a specific event affecting the financial structure of the company.
Overall, the debt-to-equity ratio of Century Aluminum Company has shown variability, with periods of higher leverage followed by reductions in debt or increases in equity. Investors and analysts may need to closely monitor the company's financial performance and capital structure to assess its financial health and risk profile.
Peer comparison
Dec 31, 2024