Arrow Electronics Inc (ARW)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,805,460 | 5,546,360 | 5,282,300 | 5,089,320 | 4,811,920 |
| Debt-to-equity ratio | 0.37 | 0.57 | 0.42 | 0.41 | 0.55 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,153,550K ÷ $5,805,460K
= 0.37
The debt-to-equity ratio for Arrow Electronics Inc. has shown fluctuations over the past five years. In 2023, the ratio stood at 0.66, showing a slight decrease from the previous year's 0.68. This indicates that the company's debt levels in relation to its equity have improved slightly. Comparing this to the ratio of 0.50 in 2021 and 0.44 in 2020, we see a trend of increasing leverage over those two years. However, in 2019, the ratio was 0.62, which indicates higher leverage compared to the most recent years. Overall, the trend in the debt-to-equity ratio for Arrow Electronics Inc. shows variability over the years, with a general observation of an upward trend in leveraging from 2019 to 2022, followed by a slight improvement in 2023. This suggests a need for further examination of the company's debt management strategies and overall financial health.
Peer comparison
Dec 31, 2023