Kaiser Aluminum Corporation (KALU)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.48 | 3.54 | 3.55 | 3.67 | 3.63 | 3.70 | 3.79 | 3.59 | 3.50 | 3.38 | 3.35 | 2.93 | 2.55 | 2.57 | 2.57 | 2.15 | 2.08 | 1.90 | 1.91 | 1.94 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,267,400K ÷ $652,200K
= 3.48
The financial leverage ratio of Kaiser Aluminum Corp has shown some fluctuations over the past eight quarters, ranging from a low of 3.48 in Q4 2023 to a high of 3.79 in Q2 2022. Overall, the trend indicates a generally stable level of financial leverage, with some variation in specific periods. A financial leverage ratio above 3 suggests that the company relies more on debt financing than equity financing, which may indicate higher financial risk. It is essential for stakeholders to monitor this ratio closely to ensure the company's capital structure remains sustainable and aligned with its financial goals.
Peer comparison
Dec 31, 2023