Freeport-McMoran Copper & Gold Inc (FCX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $17,581,000K
= 0.00
The debt-to-equity ratio of Freeport-McMoran Copper & Gold Inc has been reported as 0.00 for the years ending on December 31, 2020, 2021, 2022, 2023, and 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or has an insignificant amount of debt relative to its equity. This could suggest that the company is mainly using equity financing to support its operations and growth, which may be viewed positively as it implies lower financial risk and greater financial stability. However, it's important to note that a very low debt-to-equity ratio could also imply missed opportunities for leveraging debt to potentially improve returns for shareholders.
Peer comparison
Dec 31, 2024