CF Industries Holdings Inc (CF)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,717,000 | 5,051,000 | 3,206,000 | 2,922,000 | 2,897,000 |
| Debt-to-equity ratio | 0.52 | 0.59 | 1.08 | 1.27 | 1.37 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,968,000K ÷ $5,717,000K
= 0.52
CF Industries Holdings Inc's debt-to-equity ratio has shown a decreasing trend from 1.37 in 2019 to 0.52 in 2023. This indicates that the company has been reducing its reliance on debt to finance its operations and investments compared to shareholder equity over the years. The decreasing trend in the debt-to-equity ratio suggests an improvement in the company's financial health and reduced risk of financial distress. It is essential to continue monitoring this ratio to ensure the company maintains a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-equity ratio
CF Industries Holdings Inc
CF
0.52
Scotts Miracle-Gro Company
SMG
—
The Mosaic Company
MOS
0.27