CDW Corp (CDW)
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 | 5,031,800 | 5,661,500 | 5,721,000 | 5,749,900 | 5,866,400 | 6,100,000 | 6,481,400 | 6,514,800 | 6,755,800 | 4,037,700 | 3,909,200 | 3,911,100 | 3,856,300 | 3,858,600 | 3,861,600 | 3,438,500 | 3,283,200 | 3,259,000 | 3,253,300 | 3,257,700 |
| Total stockholders’ equity | US$ in thousands | 2,042,500 | 1,810,000 | 1,613,200 | 1,568,900 | 1,603,300 | 1,326,000 | 1,106,200 | 893,100 | 705,700 | 837,000 | 1,048,800 | 1,170,300 | 1,297,100 | 1,238,500 | 1,055,600 | 889,700 | 960,300 | 935,100 | 936,100 | 927,300 |
| Debt-to-equity ratio | 2.46 | 3.13 | 3.55 | 3.66 | 3.66 | 4.60 | 5.86 | 7.29 | 9.57 | 4.82 | 3.73 | 3.34 | 2.97 | 3.12 | 3.66 | 3.86 | 3.42 | 3.49 | 3.48 | 3.51 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,031,800K ÷ $2,042,500K
= 2.46
The debt-to-equity ratio of CDW Corp has shown a decreasing trend in recent quarters. From Q1 2022 to Q4 2023, the ratio decreased from 7.39 to 2.76, indicating a decrease in the company's reliance on debt to finance its operations relative to shareholders' equity. This decreasing trend suggests a potential improvement in the company's financial stability and risk profile, as lower debt levels compared to equity can indicate a healthier balance sheet. This could be a positive sign for investors and creditors, as it shows the company is managing its debt levels more effectively. However, it is important to continue monitoring this ratio to assess the company's long-term financial health.
Peer comparison
Dec 31, 2023