FMC Corporation (FMC)

Debt-to-capital 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	3,023,600	3,022,900	3,022,000	2,334,000	2,733,200	2,732,500	2,731,700	2,732,400	2,731,700	2,631,700	2,630,800	2,631,400	2,929,500	3,028,300	3,027,500	3,531,800	3,031,100	3,032,400	2,144,300	2,145,000
Total stockholders’ equity	US$ in thousands	4,410,900	3,290,900	3,353,000	3,470,700	3,377,900	3,188,200	3,108,500	3,059,100	3,124,300	3,031,400	3,110,700	3,008,600	2,961,800	2,944,500	2,822,200	2,675,400	2,532,300	2,649,200	2,763,600	2,761,000
Debt-to-capital ratio		0.41	0.48	0.47	0.40	0.45	0.46	0.47	0.47	0.47	0.46	0.46	0.47	0.50	0.51	0.52	0.57	0.54	0.53	0.44	0.44

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,023,600K ÷ ($3,023,600K + $4,410,900K)
= 0.41

The debt-to-capital ratio of FMC Corp. has shown some fluctuations over the past eight quarters. It decreased from 0.49 in Q4 2022 to 0.47 in Q1 2023, indicating a reduction in the proportion of debt relative to total capital during that period. However, the ratio increased in the subsequent quarters, reaching a peak of 0.58 in Q2 2023 before slightly declining to 0.56 in Q3 2023. In Q4 2023, the ratio decreased to 0.47.

Overall, the debt-to-capital ratio of FMC Corp. has displayed some volatility, with levels ranging from 0.47 to 0.58 over the past eight quarters. Investors and stakeholders may need to closely monitor this metric to assess the company's leverage and financial risk tolerance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Debt-to-capital ratio

FMC Corporation

FMC

0.41