Freeport-McMoran Copper & Gold Inc (FCX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 54,848,000 | 52,506,000 | 51,093,000 | 48,022,000 | 42,144,000 |
| Total stockholders’ equity | US$ in thousands | 17,581,000 | 16,693,000 | 15,555,000 | 13,980,000 | 10,174,000 |
| Financial leverage ratio | 3.12 | 3.15 | 3.28 | 3.44 | 4.14 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $54,848,000K ÷ $17,581,000K
= 3.12
The financial leverage ratio of Freeport-McMoran Copper & Gold Inc has shown a declining trend over the past five years.
As of December 31, 2020, the financial leverage ratio was relatively high at 4.14, indicating that the company was relying more on debt to finance its operations and growth. However, over the following years, this ratio steadily decreased.
By December 31, 2024, the financial leverage ratio had decreased to 3.12, reflecting a reduction in the company's reliance on debt to support its activities.
Overall, the declining trend in the financial leverage ratio suggests that Freeport-McMoran Copper & Gold Inc has been gradually improving its financial stability by reducing its debt levels relative to its equity.
Peer comparison
Dec 31, 2024