Freeport-McMoran Copper & Gold Inc (FCX)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 17,581,000 | 17,548,000 | 17,404,000 | 16,973,000 | 16,693,000 | 16,459,000 | 16,202,000 | 16,057,000 | 15,555,000 | 14,954,000 | 14,889,000 | 14,866,000 | 13,980,000 | 13,353,000 | 12,011,000 | 10,920,000 | 10,174,000 | 9,151,000 | 8,954,000 | 8,855,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-capital ratio of Freeport-McMoran Copper & Gold Inc has consistently been at 0.00 from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has either no debt or a very minimal amount of debt in relation to its capital structure. This implies that the company's capital structure is heavily weighted towards equity rather than debt, which can be perceived as a positive sign of financial stability and lower financial risk. It suggests that the company is not relying heavily on debt financing for its operations or expansion, which can be advantageous in terms of financial flexibility and resilience, especially during economic downturns or periods of financial instability.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Debt to Capital (Quarterly Data)