CF Industries Holdings Inc (CF)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,968,000 | 2,967,000 | 2,967,000 | 2,966,000 | 2,965,000 | 2,965,000 | 2,964,000 | 2,963,000 | 3,465,000 | 3,465,000 | 3,713,000 | 3,713,000 | 3,712,000 | 3,960,000 | 3,959,000 | 3,958,000 | 3,957,000 | 4,204,000 | 4,203,000 | 4,700,000 |
| Total assets | US$ in thousands | 14,376,000 | 13,543,000 | 13,537,000 | 13,398,000 | 13,313,000 | 13,280,000 | 13,423,000 | 13,782,000 | 12,375,000 | 11,766,000 | 12,007,000 | 12,011,000 | 12,023,000 | 11,931,000 | 11,950,000 | 12,441,000 | 12,172,000 | 12,902,000 | 12,863,000 | 12,942,000 |
| Debt-to-assets ratio | 0.21 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.21 | 0.28 | 0.29 | 0.31 | 0.31 | 0.31 | 0.33 | 0.33 | 0.32 | 0.33 | 0.33 | 0.33 | 0.36 |
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 has maintained a relatively stable debt-to-assets ratio over the past eight quarters, ranging between 0.21 and 0.25. The ratio indicates that, on average, approximately 21% to 25% of the company's total assets are financed through debt, with the remaining portion funded by equity.
The consistent level of the debt-to-assets ratio suggests that CF Industries Holdings Inc has been managing its debt levels effectively relative to its asset base. A lower ratio is typically viewed as favorable as it indicates a lower reliance on debt financing for operations. However, the ratios between 0.21 and 0.25 are within a reasonable range and do not raise significant concerns about the company's financial leverage.
It is important for investors and stakeholders to continue monitoring CF Industries Holdings Inc's debt levels and overall financial health to ensure that the company is maintaining a sustainable balance between debt and assets.
Peer comparison
Dec 31, 2023