CF Industries Holdings Inc (CF)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,717,000 | 5,723,000 | 5,804,000 | 5,453,000 | 5,051,000 | 4,444,000 | 4,589,000 | 4,002,000 | 3,206,000 | 2,938,000 | 3,246,000 | 3,029,000 | 2,922,000 | 2,826,000 | 2,873,000 | 2,728,000 | 2,897,000 | 2,980,000 | 3,066,000 | 2,955,000 |
| Debt-to-equity ratio | 0.52 | 0.52 | 0.51 | 0.54 | 0.59 | 0.67 | 0.65 | 0.74 | 1.08 | 1.18 | 1.14 | 1.23 | 1.27 | 1.40 | 1.38 | 1.45 | 1.37 | 1.41 | 1.37 | 1.59 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,968,000K ÷ $5,717,000K
= 0.52
The debt-to-equity ratio of CF Industries Holdings Inc has shown a decreasing trend over the past four quarters, moving from 0.87 in Q1 2022 to 0.52 in Q4 2023. This indicates that the company has been progressively reducing its reliance on debt to finance its operations and investments in relation to shareholder equity. A lower debt-to-equity ratio implies a stronger financial position and lower financial risk for the company. The consistent decrease in this ratio showcases an overall improvement in the company's capital structure and financial health. It is worth noting that in Q4 2023 and Q3 2023, the debt-to-equity ratio remained constant at 0.52, suggesting a stable and optimal level of leverage. This trend bodes well for CF Industries Holdings Inc as it reflects a prudent debt management strategy and a more sustainable financial position.
Peer comparison
Dec 31, 2023