Kaiser Aluminum Corporation (KALU)
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 | 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 stockholders’ equity | US$ in thousands | 652,200 | 640,700 | 638,100 | 635,600 | 631,200 | 642,000 | 650,000 | 708,200 | 692,500 | 721,000 | 720,700 | 735,000 | 732,400 | 719,300 | 718,800 | 721,100 | 733,900 | 751,400 | 746,300 | 747,900 |
| Debt-to-capital ratio | 0.61 | 0.62 | 0.62 | 0.63 | 0.62 | 0.62 | 0.61 | 0.59 | 0.60 | 0.59 | 0.59 | 0.53 | 0.53 | 0.54 | 0.54 | 0.41 | 0.40 | 0.33 | 0.33 | 0.33 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,039,800K ÷ ($1,039,800K + $652,200K)
= 0.61
The debt-to-capital ratio of Kaiser Aluminum Corp has remained relatively stable in recent quarters, ranging between 0.59 to 0.63. This ratio indicates that the company's total debt represents approximately 59% to 63% of its total capital, with the rest financed by equity. The consistent nature of this ratio suggests that Kaiser Aluminum Corp has been maintaining a moderate level of leverage in its capital structure. An increase in the debt-to-capital ratio may indicate a higher reliance on debt for funding operations and investments, potentially increasing financial risk. Conversely, a decrease in the ratio may signify a strengthening financial position with reduced debt levels relative to capital. It would be important to monitor any significant deviations from this trend to assess the company's financial health and risk profile effectively.
Peer comparison
Dec 31, 2023