Corteva Inc (CTVA)

Debt-to-capital 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 stockholders’ equity US$ in thousands 25,037,000 25,226,000 26,220,000 25,599,000 25,302,000 24,844,000 25,831,000 25,696,000 25,384,000 24,740,000 25,385,000 24,538,000 24,824,000 24,106,000 24,561,000 23,825,000 24,309,000 25,015,000 25,810,000 74,571,000
Debt-to-capital ratio 0.09 0.08 0.08 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.04 0.03 0.00 0.00 0.00 0.08

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,434,000K ÷ ($2,434,000K + $25,037,000K)
= 0.09

The debt-to-capital ratio of Corteva Inc has exhibited some fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 0.09, indicating that the company's total debt represented 9% of its total capital. This was a significant improvement compared to the previous quarter where the ratio was 0.19.

The trend in the debt-to-capital ratio shows variability, with peaks and valleys occurring over the quarters. The ratio was relatively low in Q4 2022 at 0.05, suggesting a conservative approach to debt usage. However, it increased in the following quarters before decreasing again in Q4 2023.

Overall, the company's debt-to-capital ratio has shown fluctuation but has generally been maintained at moderate levels, indicating a balanced approach to capital structure management. It is essential for stakeholders to monitor this ratio regularly to assess the company's leverage and financial risk.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Corteva Inc
CTVA
0.09
Fresh Del Monte Produce Inc
FDP
0.00