Century Aluminum Company (CENX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.79 | 3.00 | 3.08 | 5.19 | 5.28 | 4.69 | 3.86 | 3.69 | 3.07 | 3.31 | 3.84 | 3.73 | 4.65 | 3.79 | 3.34 | 2.56 | 2.37 | 2.35 | 2.36 | 2.22 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,939,400K ÷ $694,400K
= 2.79
The financial leverage ratio of Century Aluminum Company has shown fluctuating trends over the period from December 31, 2019, to December 31, 2024. The ratio started at 2.22 on December 31, 2019, and gradually increased to 5.28 by September 30, 2023, indicating a significant rise in the company's financial leverage during this period.
From December 31, 2023, to December 31, 2024, the financial leverage ratio decreased to 2.79, showing a downward trend compared to the peak in September 30, 2023. This decrease may suggest that the company has taken actions to reduce its reliance on debt financing or improve its financial position.
Overall, the financial leverage ratio of Century Aluminum Company reflects changes in the company's capital structure and debt levels during the period under review. It is essential for investors and stakeholders to monitor this ratio to assess the potential risks associated with the company's debt obligations and financial health.
Peer comparison
Dec 31, 2024