Freeport-McMoran Copper & Gold Inc (FCX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 17,581,000 | 16,693,000 | 15,555,000 | 13,980,000 | 10,174,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $17,581,000K)
= 0.00
Based on the provided data, Freeport-McMoran Copper & Gold Inc has maintained a consistent debt-to-capital ratio of 0.00 for the years spanning from December 31, 2020, to December 31, 2024. This suggests that the company has not utilized debt financing to fund its operations and investments in relation to its total capital structure during this period. A debt-to-capital ratio of 0.00 indicates that the company's capital structure is predominantly financed by equity rather than debt, highlighting a low-risk financial position in terms of leverage. It is important to note that while a zero debt-to-capital ratio can infer financial stability, it may also imply missed opportunities for potential leveraging that could enhance returns on equity in certain market conditions.
Peer comparison
Dec 31, 2024