Kaiser Aluminum Corporation (KALU)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,314,900 | 2,267,400 | 2,288,800 | 2,422,400 | 1,864,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,314,900K
= 0.00
Based on the data provided, Kaiser Aluminum Corporation's debt-to-assets ratio has consistently been 0.00 over the past five years from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt compared to its total assets during this period.
A debt-to-assets ratio of 0.00 suggests that Kaiser Aluminum Corporation has been funding its operations primarily through equity or other non-debt sources. This could indicate a strong financial position and lower financial risk for the company, as it is not relying on debt to finance its operations.
It is important to note that a debt-to-assets ratio of 0.00 may not necessarily be negative, as it depends on the company's overall financial strategy and market conditions. While a low debt ratio may indicate financial stability, it is also essential to consider other financial metrics and industry benchmarks to assess Kaiser Aluminum Corporation's overall financial health and performance.
Peer comparison
Dec 31, 2024