Freeport-McMoran Copper & Gold Inc (FCX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 54,848,000 | 55,400,000 | 54,635,000 | 54,198,000 | 52,506,000 | 51,648,000 | 50,907,000 | 50,909,000 | 51,093,000 | 49,927,000 | 50,113,000 | 48,832,000 | 48,022,000 | 46,917,000 | 45,436,000 | 43,643,000 | 42,144,000 | 41,099,000 | 40,230,000 | 40,219,000 |
| 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 |
| Financial leverage ratio | 3.12 | 3.16 | 3.14 | 3.19 | 3.15 | 3.14 | 3.14 | 3.17 | 3.28 | 3.34 | 3.37 | 3.28 | 3.44 | 3.51 | 3.78 | 4.00 | 4.14 | 4.49 | 4.49 | 4.54 |
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 been gradually declining from 4.54 as of March 31, 2020, to 3.12 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations over the years. A decreasing financial leverage ratio suggests that the company is becoming less risky in terms of solvency and is relying more on its equity to support its assets. This trend may be seen as positive by investors and creditors as it indicates a stronger financial position for the company. However, it is important to note that a low leverage ratio does not necessarily mean that a company is in a better financial position, as it may also suggest limited growth opportunities or underutilization of debt financing.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Financial Leverage (Quarterly Data)