Dupont De Nemours Inc (DD)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 38,552,000 | 41,355,000 | 45,707,000 | 70,903,000 | 69,349,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $38,552,000K
= 0.00
The debt-to-assets ratio of DuPont de Nemours Inc has shown a declining trend from 0.31 in 2020 to 0.20 in 2023. This ratio indicates the proportion of the company's assets that are financed through debt. A lower debt-to-assets ratio suggests that the company has a lower level of financial leverage and is relying less on debt to fund its operations and investments.
In 2023 and 2022, the ratio remained consistent at 0.20, indicating a stable financial structure with a relatively low level of debt compared to assets. This could signal good financial health and risk management by the company.
The decrease in the debt-to-assets ratio from 0.24 in 2021 to 0.20 in 2022 and 2023 suggests that DuPont de Nemours Inc may have reduced its debt levels or increased its asset base during this period. This could be viewed positively by investors and creditors as it indicates a strengthening financial position and lower risk of financial distress.
Overall, the trend of decreasing debt-to-assets ratio over the years reflects a prudent approach to managing the company's capital structure and indicates a healthier balance between debt and assets for DuPont de Nemours Inc.
Peer comparison
Dec 31, 2023