Kaiser Aluminum Corporation (KALU)
Debt-to-equity 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-equity ratio | 1.59 | 1.62 | 1.65 | 1.70 | 1.64 | 1.62 | 1.60 | 1.46 | 1.50 | 1.44 | 1.44 | 1.14 | 1.14 | 1.16 | 1.16 | 0.68 | 0.67 | 0.49 | 0.50 | 0.50 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,039,800K ÷ $652,200K
= 1.59
The debt-to-equity ratio of Kaiser Aluminum Corp has been fluctuating over the past eight quarters. The ratio increased from 1.46 in Q1 2022 to 1.70 in Q1 2023, indicating a higher level of leverage during this period. This rise could suggest that the company has been relying more on debt financing compared to equity financing.
However, it is worth noting that the ratio has not shown a consistent upward trend and has varied between 1.60 and 1.70 over the quarters. The slight fluctuations may be attributed to changes in the company's debt levels or equity structure throughout the periods.
Overall, the debt-to-equity ratio of Kaiser Aluminum Corp indicates that the company has a moderate to high level of debt relative to its equity, which could imply a higher financial risk. It would be important for stakeholders to monitor this ratio to ensure the company's financial stability and ability to meet its debt obligations.
Peer comparison
Dec 31, 2023