Arrow Electronics Inc (ARW)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,153,550 | 3,182,960 | 2,244,440 | 2,097,940 | 2,640,130 |
| Total assets | US$ in thousands | 21,726,200 | 21,763,200 | 19,535,500 | 17,053,900 | 16,400,800 |
| Debt-to-assets ratio | 0.10 | 0.15 | 0.11 | 0.12 | 0.16 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,153,550K ÷ $21,726,200K
= 0.10
The debt-to-assets ratio of Arrow Electronics Inc. has shown fluctuations over the past five years. As of December 31, 2023, the ratio stands at 0.18, indicating that 18% of the company's assets are financed by debt.
Compared to the previous year, the ratio has increased slightly from 0.17 in December 31, 2022. However, it remains higher than the ratios reported in 2021 and 2020, where it stood at 0.13. The ratio in 2019 was the same as the current year, at 0.18.
The increase in the debt-to-assets ratio from 2022 to 2023 suggests that Arrow Electronics Inc. may have taken on more debt relative to its total assets. This could imply a higher level of leverage and potentially increased financial risk.
Further analysis would be required to understand the reasons behind the fluctuations in the debt-to-assets ratio and to assess the overall financial health and stability of Arrow Electronics Inc.
Peer comparison
Dec 31, 2023