Arrow Electronics Inc (ARW)
Debt-to-equity 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 | 2,153,550 | 2,615,000 | 3,672,830 | 3,719,060 | 3,182,960 | 3,187,020 | 2,856,490 | 2,790,820 | 2,244,440 | 2,039,760 | 1,884,390 | 1,903,850 | 2,097,940 | 2,097,740 | 2,098,370 | 2,222,790 | 2,640,130 | 2,942,290 | 3,157,270 | 3,575,890 |
| Total stockholders’ equity | US$ in thousands | 5,805,460 | 5,485,260 | 5,586,340 | 5,530,530 | 5,546,360 | 5,245,750 | 5,340,470 | 5,369,950 | 5,282,300 | 5,178,480 | 5,164,920 | 5,155,760 | 5,089,320 | 4,781,060 | 4,694,820 | 4,595,120 | 4,811,920 | 4,690,820 | 4,768,720 | 5,449,000 |
| Debt-to-equity ratio | 0.37 | 0.48 | 0.66 | 0.67 | 0.57 | 0.61 | 0.53 | 0.52 | 0.42 | 0.39 | 0.36 | 0.37 | 0.41 | 0.44 | 0.45 | 0.48 | 0.55 | 0.63 | 0.66 | 0.66 |
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 of Arrow Electronics Inc. has shown some fluctuations over the past eight quarters. The ratio stood at 0.66 in Q4 2023, indicating that for every dollar of equity, the company had $0.66 in debt. Compared to the previous quarter, the ratio increased to 0.77 in Q3 2023, signifying a higher level of debt relative to equity.
While the ratio decreased slightly to 0.74 in Q2 2023, it remained relatively stable at around 0.70 in Q1 2023. Looking back to Q4 2022 and Q3 2022, the ratio was at 0.68 and 0.72, respectively, showing a similar pattern of fluctuation.
The lowest debt-to-equity ratio observed in the data was 0.58 in Q1 2022, indicating a lower level of debt in comparison to equity during that period. Overall, the debt-to-equity ratio for Arrow Electronics Inc. has ranged between 0.58 and 0.77 over the past eight quarters, suggesting varying degrees of leverage in the company's capital structure during this timeframe.
Peer comparison
Dec 31, 2023