Freeport-McMoran Copper & Gold Inc (FCX)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,656,000 | 9,370,000 | 9,458,000 | 9,586,000 | 9,583,000 | 9,658,000 | 10,054,000 | 8,256,000 | 9,078,000 | 8,768,000 | 8,638,000 | 9,153,000 | 9,677,000 | 9,983,000 | 9,824,000 | 9,829,000 | 9,821,000 | 9,915,000 | 9,912,000 | 9,902,000 |
| Total stockholders’ equity | US$ in thousands | 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 | 9,236,000 | 8,954,000 | 8,855,000 | 9,298,000 | 9,444,000 | 9,709,000 | 9,783,000 |
| Debt-to-equity ratio | 0.52 | 0.57 | 0.58 | 0.60 | 0.62 | 0.65 | 0.68 | 0.56 | 0.65 | 0.66 | 0.72 | 0.84 | 0.95 | 1.08 | 1.10 | 1.11 | 1.06 | 1.05 | 1.02 | 1.01 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $8,656,000K ÷ $16,693,000K
= 0.52
The debt-to-equity ratio of Freeport-McMoRan Inc has been fluctuating over the past eight quarters. The ratio ranged from 0.56 to 0.74 during this period. A decreasing trend is observed from Q4 2022 to Q1 2023, reflecting a potential improvement in the company's leverage position. However, the ratio increased slightly in the subsequent quarters, indicating a higher proportion of debt relative to equity in the company's capital structure. It is essential to monitor this ratio closely to assess the company's ability to meet its financial obligations and its overall financial health.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Debt to Equity (Quarterly Data)