Kaiser Aluminum Corporation (KALU)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 668,000 | 652,200 | 631,200 | 692,500 | 732,400 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $668,000K
= 0.00
Based on the data provided, Kaiser Aluminum Corporation has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This suggests that Kaiser Aluminum relies primarily on equity financing rather than debt financing to fund its operations and growth. A low or zero debt-to-equity ratio can be a sign of financial stability and strength, as it implies lower financial risk and a reduced likelihood of default. However, it's essential to note that a company with very low debt may potentially be missing out on the benefits of leverage that could help enhance returns for shareholders.
Peer comparison
Dec 31, 2024