Corteva Inc (CTVA)

Debt-to-assets 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 2,434,000 2,320,000 2,368,000 1,198,000 1,172,000 1,154,000 1,188,000 1,107,000 1,120,000 1,134,000 1,139,000 1,121,000 1,166,000 1,164,000 1,141,000 612,000 114,000 123,000 119,000 6,830,000
Total assets US$ in thousands 42,996,000 43,110,000 44,189,000 45,500,000 42,618,000 40,651,000 40,906,000 42,633,000 42,344,000 41,122,000 41,496,000 42,549,000 42,649,000 41,690,000 42,180,000 42,978,000 42,397,000 43,235,000 43,922,000 110,102,000
Debt-to-assets ratio 0.06 0.05 0.05 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.01 0.00 0.00 0.00 0.06

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 varied over the past eight quarters, indicating changes in the company's financial leverage and risk. In Q4 2023, the ratio was 0.06, suggesting that only 6% of the company's assets were financed by debt. This represents a significant decrease from the previous quarter, where the ratio was 0.14.

The Q4 2023 ratio is also lower compared to the same period in the previous year (Q4 2022), which stood at 0.03. This indicates a more conservative debt structure in the current quarter relative to both the previous quarter and the same period last year.

Overall, the trend in the debt-to-assets ratio for Corteva Inc shows some fluctuations but generally remains at a relatively low level, indicating a conservative approach to debt financing and potentially lower financial risk.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Corteva Inc
CTVA
0.06
Fresh Del Monte Produce Inc
FDP
0.00