Koppers Holdings Inc (KOP)
Debt-to-assets 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 | 835,400 | 859,800 | 902,200 | 881,000 | 817,700 | 818,700 | 833,700 | 829,400 | 781,500 | 802,600 | 799,100 | 801,000 | 765,800 | 796,100 | 896,900 | 943,000 | 891,000 | 948,800 | 993,200 | 1,001,100 |
| Total assets | US$ in thousands | 1,835,500 | 1,810,200 | 1,815,700 | 1,800,600 | 1,711,400 | 1,652,700 | 1,687,300 | 1,731,800 | 1,661,900 | 1,652,200 | 1,674,000 | 1,648,900 | 1,598,600 | 1,534,400 | 1,555,800 | 1,573,100 | 1,564,600 | 1,553,400 | 1,598,100 | 1,593,400 |
| Debt-to-assets ratio | 0.46 | 0.47 | 0.50 | 0.49 | 0.48 | 0.50 | 0.49 | 0.48 | 0.47 | 0.49 | 0.48 | 0.49 | 0.48 | 0.52 | 0.58 | 0.60 | 0.57 | 0.61 | 0.62 | 0.63 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $835,400K ÷ $1,835,500K
= 0.46
The debt-to-assets ratio for Koppers Holdings Inc has shown some variability over the past eight quarters. The ratio ranged between 0.46 and 0.50 during this period. Generally, a higher debt-to-assets ratio indicates higher financial risk as it reflects a higher proportion of debt in relation to total assets.
Looking at the trend, we observe that the ratio fluctuated slightly but mostly remained within the range of 0.46 to 0.50. This suggests that Koppers Holdings Inc has been able to maintain a consistent level of debt relative to its assets over the quarters analyzed.
While it is essential to consider other financial metrics and industry benchmarks for a comprehensive assessment of the company's financial health, the steady debt-to-assets ratio may indicate a relatively stable capital structure. However, further analysis is recommended to assess the company's ability to manage its debt obligations and overall financial leverage effectively.
Peer comparison
Dec 31, 2023