Koppers Holdings Inc (KOP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 498,900 | 472,000 | 452,600 | 430,600 | 399,400 | 368,900 | 375,300 | 418,900 | 406,600 | 396,400 | 411,800 | 376,700 | 341,700 | 281,400 | 175,900 | 99,100 | 147,300 | 100,400 | 91,600 | 78,000 |
| Debt-to-capital ratio | 0.63 | 0.65 | 0.67 | 0.67 | 0.67 | 0.69 | 0.69 | 0.66 | 0.66 | 0.67 | 0.66 | 0.68 | 0.69 | 0.74 | 0.84 | 0.90 | 0.86 | 0.90 | 0.92 | 0.93 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $835,400K ÷ ($835,400K + $498,900K)
= 0.63
The debt-to-capital ratio of Koppers Holdings Inc has shown some fluctuation over the past eight quarters. The ratio has ranged from a low of 0.63 in Q4 2023 to a high of 0.69 in Q3 2022 and Q2 2022. This indicates that the company has been utilizing debt to finance a portion of its capital structure, with debt accounting for around 63% to 69% of its total capital in the recent quarters.
The decreasing trend in the debt-to-capital ratio from Q1 2022 to Q4 2023 suggests that Koppers Holdings Inc may be reducing its reliance on debt relative to its total capital. A decreasing debt-to-capital ratio could indicate improving financial health and lower financial risk for the company, as it may be paying down debt or increasing its equity base.
Overall, while the slight fluctuations in the debt-to-capital ratio may indicate changes in the company's capital structure, further analysis of Koppers Holdings Inc's financial performance and debt management strategies would be needed to provide a more comprehensive assessment of its financial health.
Peer comparison
Dec 31, 2023