Corteva Inc (CTVA)
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 | 2,434,000 | 1,172,000 | 1,120,000 | 1,166,000 | 114,000 |
| Total assets | US$ in thousands | 42,996,000 | 42,618,000 | 42,344,000 | 42,649,000 | 42,397,000 |
| Debt-to-assets ratio | 0.06 | 0.03 | 0.03 | 0.03 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,434,000K ÷ $42,996,000K
= 0.06
The debt-to-assets ratio of Corteva Inc has shown a gradual increase over the past five years, indicating a higher level of debt relative to its total assets. In 2019, the ratio was at 0.00, suggesting no debt relative to its assets. However, by 2023, the ratio has risen to 0.06, signifying that for every dollar of assets, Corteva Inc has $0.06 of debt. This trend may suggest that Corteva Inc has been taking on more debt to fund its operations or expansion efforts. It is important for investors and stakeholders to monitor this ratio over time to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2023