Compass Minerals International Inc (CMP)

Debt-to-equity ratio

		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	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
Long-term debt	US$ in thousands	868,800	872,200	908,700	800,300	716,000	825,700	832,100	947,600	885,900	922,200	1,004,900	1,152,800	—	1,299,100	1,289,200	1,247,500	1,253,700	1,285,900	1,358,200	1,275,900
Total stockholders’ equity	US$ in thousands	352,100	400,400	463,400	521,000	542,000	494,200	509,800	256,400	300,900	286,500	288,000	186,600	123,800	378,300	319,900	333,300	355,700	517,700	459,500	522,900
Debt-to-equity ratio		2.47	2.18	1.96	1.54	1.32	1.67	1.63	3.70	2.94	3.22	3.49	6.18	0.00	3.43	4.03	3.74	3.52	2.48	2.96	2.44

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $868,800K ÷ $352,100K
= 2.47

The debt-to-equity ratio of Compass Minerals International Inc has shown fluctuation over the past few quarters. The ratio was relatively stable at around 1.5 to 1.7 from September 2023 to March 2023, indicating a moderate level of debt relative to equity during that period.

However, the ratio increased significantly to 3.70 in September 2022 and remained elevated above 2.9 until December 2022. This surge in the ratio suggests a higher proportion of debt compared to equity, which could potentially indicate increased financial risk or leverage during that period.

In the subsequent quarters, the ratio decreased but remained relatively high, indicating ongoing reliance on debt financing. The significant decrease to 0.00 in March 2021 may be an anomaly or could potentially indicate an exceptional event related to debt management or capital structure during that period.

Overall, the trend in the debt-to-equity ratio for Compass Minerals International Inc suggests a varying level of leverage and financial risk over the analyzed periods, with periods of higher debt relative to equity interspersed with more moderate levels. It is essential for stakeholders to monitor these fluctuations and consider the company's overall financial health and risk profile.