Freeport-McMoran Copper & Gold Inc (FCX)

Debt-to-equity 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-equity 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-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 consistently been 0.00 for multiple quarters spanning from March 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt during these periods or that its equity far surpasses its debt levels. A debt-to-equity ratio of 0.00 implies that the company's financial structure is mainly equity-funded, which may suggest lower financial risk and a strong solvency position. It also implies that the company is not heavily reliant on debt financing for its operations and growth. Investors and creditors often view a low debt-to-equity ratio positively as it signifies financial stability and conservative financial management.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-equity ratio
Freeport-McMoran Copper & Gold Inc
FCX
0.00
Cleveland-Cliffs Inc
CLF
1.06
MP Materials Corp
MP
0.00

See also:

Freeport-McMoran Copper & Gold Inc Debt to Equity (Quarterly Data)