Celanese's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,472 Mil. Celanese's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12,626 Mil. Celanese's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7,091 Mil.
Celanese's debt to equity for the quarter that ended in Dec. 2023 was 1.99.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Celanese's Debt-to-Equity or its related term are showing as below:
CE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.97 Med: 1.22 Max: 2.68
Current: 1.99
During the past 13 years, the highest Debt-to-Equity Ratio of Celanese was 2.68. The lowest was 0.97. And the median was 1.22.
Celanese Debt-to-Equity Historical Data
The historical data trend for Celanese's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
|
Celanese Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
1.64 |
1.13 |
1.00 |
2.68 |
1.99 |
|
Celanese Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.68 |
2.69 |
2.64 |
2.18 |
1.99 |
Competitive Comparison
For the Chemicals subindustry, Celanese's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Celanese Debt-to-Equity Distribution
For the Chemicals industry and Basic Materials sector, Celanese's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Celanese's Debt-to-Equity falls into.
Celanese Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Celanese's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Celanese's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Celanese (Celanese) Business Description
Traded in Other Exchanges
Address
222 W. Las Colinas Boulevard, Suite 900N, Irving, TX, USA, 75039-5421
Celanese is one of the world's largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company is also one of the largest producers of specialty polymers, which are used in the automotive, electronics, medical, building, and consumer end markets. The company also makes cellulose derivatives used in cigarette filters.
Executives
| Thomas Francis Kelly |
officer: SVP, EM |
222 W LAS COLINAS BLVD, SUITE 900N, IRVING TX 75039 |
| Mark Christopher Murray |
officer: VP - Bus. Strat & Development |
100 MATSONFORD ROAD, RADNOR PA 19087 |
| Aaron M Mcgilvray |
officer: Chief Accounting Officer |
222 W. LAS COLINAS BLVD, SUITE 900N, IRVING TX 75039 |
| Rahul Ghai |
director |
GENERAL ELECTRIC COMPANY, 5 NECCO STREET, BOSTON MA 02210 |
| Michael Koenig |
director |
222 W. LAS COLINAS BLVD., SUITE 900N, IRVING TX 75039 |
| Vanessa Dupuis |
officer: SVP, HR (CHRO) |
C/O CELANESE CORPORATION, 222 W LAS COLINAS BLVD, SUITE 900N, IRVING TX 75039 |
| Scott A Richardson |
officer: SVP & CFO |
C/O CELANESE CORPORATION, 222 W LAS COLINAS BLVD, SUITE 900N, IRVING TX 75039 |
| John K Wulff |
director |
C/O HERCULES INC, 1313 NORTH MARKET STREET, WILMINGTON DE 19894-0001 |
| Deborah J. Kissire |
director |
210 E. EARLL DRIVE, PHOENIX AZ 85012 |
| John G Fotheringham |
officer: SVP, Acetyl Chain |
222 W LAS COLINAS BLVD, SUITE 900N, IRVING TX 75039 |
| Lori Ryerkerk |
director, officer: CEO |
AXALTA COATING SYSTEMS LTD., 2001 MARKET STREET, SUITE 3600, PHILADELPHIA PA 19103 |
| Todd L Elliott |
officer: SVP, Acetyl Chain |
C/O CELANESE CORPORATION, 222 W LAS COLINAS BLVD, SUITE 900N, IRVING TX 75039 |
| A. Lynne Puckett |
officer: SVP & GC |
C/O 222 W LAS COLINAS BLVD, SUITE 900N, IRVING TX 75039 |
| Rucker Kim K.w. |
director |
KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093 |
| Peter G Edwards |
officer: EVP & GC |
C/O BAXALTA INCORPORATED, 1200 LAKESIDE DRIVE, BANNOCKBURN IL 60015 |
Celanese (Celanese) Headlines
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