Kaiser Aluminum Corporation (KALU)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.47 | 3.47 | 3.50 | 3.46 | 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 |
The solvency ratios of Kaiser Aluminum Corporation reflect a strong financial position with consistently low debt levels relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been recorded at 0.00 throughout the analyzed periods, indicating that the company has not relied heavily on external borrowing to finance its operations.
Furthermore, the Financial leverage ratio has remained relatively stable around 3.5 over the past few years, suggesting that the company has maintained a balanced mix of debt and equity in its capital structure. This ratio indicates that Kaiser Aluminum has a moderate level of financial leverage, which could potentially magnify returns but also increase risks.
Overall, based on the solvency ratios, Kaiser Aluminum Corporation appears to have a solid financial foundation, with a prudent approach to managing its debt and maintaining a healthy balance sheet.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.45 | 2.51 | 2.25 | 2.62 | 2.35 | 1.27 | 0.93 | 0.11 | -0.07 | 1.30 | 1.63 | 1.22 | 1.05 | 0.54 | 0.41 | 1.29 | 2.19 | 1.70 | 2.97 | 4.14 |
The interest coverage ratio of Kaiser Aluminum Corporation has shown fluctuations over the periods presented in the data. It indicates the company's ability to meet its interest obligations with its operating income.
From March 31, 2020, to June 30, 2021, the interest coverage ratio declined steadily from 4.14 to 0.41, suggesting a potential deterioration in the company's ability to cover its interest expenses.
Subsequently, there was a slight recovery in the ratio, reaching 2.25 by June 30, 2024. This improvement indicates a better ability to handle interest payments compared to the low points in the previous periods.
Overall, Kaiser Aluminum Corporation's interest coverage ratio has been volatile, reflecting varying levels of financial stability in meeting its interest obligations. Investors and creditors may monitor this ratio closely to assess the company's financial health and debt management strategy.