Celanese (LTS:0HUR) Debt-to-Asset : 0.53 (As of Dec. 2023)

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What is Celanese Debt-to-Asset?

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 Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $26,597 Mil. Celanese's debt to asset for the quarter that ended in Dec. 2023 was 0.53.

Celanese Debt-to-Asset Historical Data

The historical data trend for Celanese's Debt-to-Asset 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.

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Celanese Debt-to-Asset Chart

Celanese Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.43

0.36

0.35

0.58

0.53

Celanese Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.59	0.58	0.55	0.53	0.53

Competitive Comparison of Celanese's Debt-to-Asset

For the Chemicals subindustry, Celanese's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Celanese's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Celanese's Debt-to-Asset falls into.

Celanese Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Celanese's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1472	+	12626)	/	26597
	=	0.53

Celanese's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1472	+	12626)	/	26597
	=	0.53

Celanese (LTS:0HUR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Celanese Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Celanese's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Celanese (LTS:0HUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Celanese Corp (LTS:0HUR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CE:USA DG3:Germany C1NS34:Brazil

Address

222 W. Las Colinas Boulevard, Suite 900N, Irving, TX, USA, 75039-5421

Website

https://www.celanese.com

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.

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