Dupont De Nemours Inc (DD)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 24,279,000 | 26,569,000 | 26,433,000 | 38,504,000 | 40,987,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $24,279,000K)
= 0.00
The debt-to-capital ratio of DuPont de Nemours Inc has shown a decreasing trend over the past five years, declining from 0.30 in 2019 to 0.24 in 2023. This ratio indicates the proportion of the company's capital structure funded by debt compared to equity. A lower debt-to-capital ratio suggests a lower reliance on debt financing and a stronger financial position as the company is less leveraged.
DuPont de Nemours Inc's decreasing debt-to-capital ratio trends may signify a strategic shift towards a more conservative financial structure, potentially reducing financial risk and improving overall financial stability. This trend could be attributed to efforts to strengthen the balance sheet, reduce interest expenses, and enhance shareholder value.
It is important to note that while a declining debt-to-capital ratio can be a positive indicator, it is also essential to assess the overall financial health of the company, considering other relevant financial ratios and factors impacting its operations and industry dynamics.
Peer comparison
Dec 31, 2023