CNH Industrial N.V. (CNH)
Debt-to-capital ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 23,749,000 | 24,512,000 | 23,805,000 | 26,053,000 | 24,670,000 | 24,449,000 | 23,518,000 |
| Total stockholders’ equity | US$ in thousands | 7,651,000 | 7,643,000 | 7,538,000 | 7,892,000 | 8,114,000 | 7,985,000 | 7,500,000 | 7,324,000 | 6,927,000 | 6,354,000 | 5,788,000 | 5,602,000 | 6,778,000 | 6,292,000 | 6,074,000 | 5,506,000 | 5,029,000 | 4,840,000 | 5,963,000 | 5,658,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.79 | 0.80 | 0.81 | 0.84 | 0.84 | 0.80 | 0.81 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,651,000K)
= 0.00
The debt-to-capital ratio of CNH Industrial N.V. has been relatively stable over the past few years. It stood at around 0.80 to 0.84 from March 2020 to September 2021, indicating that the company's debt made up around 80% to 84% of its total capital during this period. However, there was a significant drop in the ratio to 0.00 from December 2021 onwards, suggesting that CNH Industrial N.V. has significantly reduced its debt levels or altered its capital structure. This could be due to various strategic decisions taken by the company, such as debt repayment, equity issuance, or other financial maneuvers. A debt-to-capital ratio of 0.00 typically signifies either very low debt levels relative to capital or a change in reporting practices. Further analysis would be required to understand the underlying reasons for this sharp decline in the ratio and its implications for the company's financial health and risk profile.
Peer comparison
Dec 31, 2024