Brunswick Corporation (BC)
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 | 1,975,700 | 2,420,000 | 1,779,000 | 908,300 | 1,068,000 |
| Total assets | US$ in thousands | 6,230,500 | 6,321,300 | 5,425,000 | 3,770,600 | 3,564,400 |
| Debt-to-assets ratio | 0.32 | 0.38 | 0.33 | 0.24 | 0.30 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,975,700K ÷ $6,230,500K
= 0.32
The debt-to-assets ratio of Brunswick Corp. has exhibited some fluctuation over the past five years. The ratio was 0.39 in 2023, indicating that 39% of the company's assets were financed by debt. This represented a slight decrease from the previous year's ratio of 0.40.
In 2021, Brunswick Corp. had a debt-to-assets ratio of 0.33, which was higher than the ratios in 2020 (0.25) and 2019 (0.31). This suggests that the company used a higher proportion of debt relative to its total assets in 2021 compared to the previous two years.
Overall, the trend in the debt-to-assets ratio shows some variability, with the ratio generally increasing from 2019 to 2021 before slightly decreasing in 2022 and 2023. It is essential for stakeholders to monitor this ratio closely to assess the company's financial leverage and risk management practices.
Peer comparison
Dec 31, 2023