CDW Corp (CDW)
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 | 5,031,800 | 5,866,400 | 6,755,800 | 3,856,300 | 3,283,200 |
| Total assets | US$ in thousands | 13,284,600 | 13,131,500 | 13,199,400 | 9,344,700 | 7,999,400 |
| Debt-to-assets ratio | 0.38 | 0.45 | 0.51 | 0.41 | 0.41 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,031,800K ÷ $13,284,600K
= 0.38
The debt-to-assets ratio of CDW Corp has fluctuated over the past five years, ranging from 0.41 to 0.52. In 2023, the ratio stands at 0.42, indicating that 42% of the company's assets are funded through debt. This suggests that a significant portion of CDW Corp's assets is financed by creditors rather than equity. The decreasing trend in the ratio from 2021 to 2023 may indicate improved financial stability and a lower reliance on debt for funding operations. However, it is essential to assess the ratio in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of CDW Corp's financial health and leverage levels.
Peer comparison
Dec 31, 2023