Kaiser Aluminum Corporation (KALU)
Debt-to-assets 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 | 1,039,800 | 1,039,400 | 1,053,900 | 1,077,900 | 1,038,100 | 1,037,600 | 1,037,200 | 1,036,800 | 1,036,300 | 1,035,900 | 1,035,500 | 838,700 | 838,100 | 837,600 | 837,100 | 492,800 | 492,600 | 371,100 | 370,900 | 370,600 |
| Total assets | US$ in thousands | 2,267,400 | 2,268,100 | 2,267,500 | 2,329,700 | 2,288,800 | 2,373,600 | 2,461,700 | 2,541,400 | 2,422,400 | 2,437,200 | 2,414,500 | 2,152,800 | 1,864,700 | 1,847,000 | 1,848,400 | 1,553,100 | 1,526,200 | 1,426,300 | 1,422,100 | 1,447,800 |
| Debt-to-assets ratio | 0.46 | 0.46 | 0.46 | 0.46 | 0.45 | 0.44 | 0.42 | 0.41 | 0.43 | 0.43 | 0.43 | 0.39 | 0.45 | 0.45 | 0.45 | 0.32 | 0.32 | 0.26 | 0.26 | 0.26 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,039,800K ÷ $2,267,400K
= 0.46
The debt-to-assets ratio for Kaiser Aluminum Corp has remained relatively stable over the past eight quarters, ranging between 0.41 and 0.47. This ratio indicates the proportion of the company's total assets financed by debt.
The trend shows that the company has maintained a conservative approach to debt, with the ratio hovering around 0.45 for the majority of the period analyzed. This stability suggests that Kaiser Aluminum Corp has been managing its debt levels effectively in relation to its asset base.
A ratio of around 0.45 to 0.47 indicates that approximately 45% to 47% of the company's assets are financed through debt, implying a moderate level of leverage. The company appears to have a healthy balance between debt and assets, which can provide financial flexibility while minimizing the risk of insolvency.
Overall, the consistent debt-to-assets ratio suggests that Kaiser Aluminum Corp has been maintaining a prudent capital structure and effectively managing its debt obligations relative to its asset base.
Peer comparison
Dec 31, 2023