CF Industries Holdings Inc (CF)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,968,000 | 2,965,000 | 3,465,000 | 3,712,000 | 3,957,000 |
| Total assets | US$ in thousands | 14,376,000 | 13,313,000 | 12,375,000 | 12,023,000 | 12,172,000 |
| Debt-to-assets ratio | 0.21 | 0.22 | 0.28 | 0.31 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,968,000K ÷ $14,376,000K
= 0.21
CF Industries Holdings Inc's debt-to-assets ratio has shown a decreasing trend over the past five years, indicating a relatively lower reliance on debt to finance its assets. The ratio decreased from 0.33 in both 2019 and 2020 to 0.28 in 2021, then further decreased to 0.22 in 2022, and decreased again to 0.21 in 2023. This decline suggests that the company has been gradually reducing its debt levels in proportion to its total assets, which can be seen as a positive sign of financial stability and lower risk for creditors. Overall, the decreasing trend in the debt-to-assets ratio indicates that CF Industries Holdings Inc has been managing its debt effectively and potentially improving its financial health over the years.
Peer comparison
Dec 31, 2023