Corteva Inc (CTVA)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 40,825,000 | 42,996,000 | 42,618,000 | 42,344,000 | 42,649,000 |
| Total stockholders’ equity | US$ in thousands | 23,789,000 | 25,037,000 | 25,302,000 | 25,384,000 | 24,824,000 |
| Financial leverage ratio | 1.72 | 1.72 | 1.68 | 1.67 | 1.72 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $40,825,000K ÷ $23,789,000K
= 1.72
The financial leverage ratio for Corteva Inc has been relatively stable over the past five years, ranging from 1.67 to 1.72. This ratio indicates the company's degree of financial leverage, with a higher ratio implying higher levels of debt relative to equity. Corteva's consistent ratio suggests that the company has maintained a stable balance between debt and equity financing during this period. While the ratio is slightly above 1, indicating that the company relies more on debt financing than equity, the fluctuations are minimal and do not raise significant concerns about the company's financial stability. Overall, Corteva's financial leverage ratio shows a prudent approach to managing its capital structure.
Peer comparison
Dec 31, 2024