CNH Industrial N.V. (CNH)
Debt-to-assets ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 27,300,000 | 26,808,000 | 27,780,000 | 27,326,000 | 24,958,000 | 24,870,000 | 23,552,000 | 22,962,000 | 20,922,000 | 20,817,000 | 21,335,000 | 21,091,000 | 23,749,000 | 24,512,000 | 23,805,000 | 26,053,000 | 24,670,000 | 24,449,000 | 23,518,000 | 24,854,000 |
| Total assets | US$ in thousands | 44,033,000 | 43,959,000 | 45,726,000 | 46,267,000 | 43,041,000 | 42,687,000 | 40,566,000 | 39,381,000 | 35,844,000 | 35,648,000 | 36,485,000 | 6,789,000 | 47,693,000 | 49,222,000 | 46,705,000 | 48,719,000 | 45,069,000 | 45,019,000 | 43,913,000 | 47,352,000 |
| Debt-to-assets ratio | 0.62 | 0.61 | 0.61 | 0.59 | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 | 3.11 | 0.50 | 0.50 | 0.51 | 0.53 | 0.55 | 0.54 | 0.54 | 0.52 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $27,300,000K ÷ $44,033,000K
= 0.62
The debt-to-assets ratio of CNH Industrial N.V. has shown a relatively stable trend in recent quarters, hovering around the range of 0.58 to 0.62, indicating that the company's debt levels have been consistently moderate compared to its total assets during this period. However, there was a significant spike in the ratio in the fourth quarter of 2021, reaching an unusually high level of 3.11, which may raise concerns regarding the company's debt management practices at that time.
Overall, the company's debt-to-assets ratio appears to be well-managed, staying within an acceptable range for most of the quarters analyzed. Investors and creditors typically look for a healthy balance between debt and assets, and CNH Industrial N.V.'s performance in this regard reflects a reasonable level of financial leverage. Monitoring the trend of this ratio over time is crucial to assess the company's long-term financial health and its ability to meet its debt obligations effectively.
Peer comparison
Sep 30, 2024