Corteva Inc (CTVA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 40,825,000 | 41,908,000 | 41,464,000 | 43,625,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 23,789,000 | 24,737,000 | 25,179,000 | 24,767,000 | 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 |
| Financial leverage ratio | 1.72 | 1.69 | 1.65 | 1.76 | 1.72 | 1.71 | 1.69 | 1.78 | 1.68 | 1.64 | 1.58 | 1.66 | 1.67 | 1.66 | 1.63 | 1.73 | 1.72 | 1.73 | 1.72 | 1.80 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $40,825,000K ÷ $23,789,000K
= 1.72
Corteva Inc's financial leverage ratio, which measures the extent to which the company relies on debt to finance its operations, has shown some fluctuations over the period from March 31, 2020, to December 31, 2024.
The financial leverage ratio started at 1.80 on March 31, 2020, indicating that the company had relatively higher debt compared to equity in its capital structure. It then decreased to 1.58 by June 30, 2022, suggesting a reduction in the company's reliance on debt financing. However, the ratio increased gradually afterward, reaching 1.72 by December 31, 2024, which is closer to the initial levels observed in 2020.
Overall, the trend in Corteva Inc's financial leverage ratio shows some variability but tends to hover around the range of 1.60 to 1.80 over the period under review. Investors and stakeholders may monitor these fluctuations to assess the company's debt levels and the associated financial risks.
Peer comparison
Dec 31, 2024