Dupont De Nemours Inc (DD)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 38,552,000 | 39,133,000 | 40,797,000 | 41,208,000 | 41,355,000 | 44,099,000 | 44,440,000 | 45,393,000 | 45,707,000 | 46,015,000 | 45,839,000 | 47,804,000 | 70,903,000 | 72,141,000 | 66,753,000 | 67,987,000 | 69,349,000 | 70,119,000 | 70,843,000 | 189,785,000 |
| Total stockholders’ equity | US$ in thousands | 24,279,000 | 24,192,000 | 26,123,000 | 26,737,000 | 26,569,000 | 24,909,000 | 25,528,000 | 26,176,000 | 26,433,000 | 26,633,000 | 26,877,000 | 27,188,000 | 38,504,000 | 37,559,000 | 37,005,000 | 39,551,000 | 40,987,000 | 41,344,000 | 42,006,000 | 92,444,000 |
| Financial leverage ratio | 1.59 | 1.62 | 1.56 | 1.54 | 1.56 | 1.77 | 1.74 | 1.73 | 1.73 | 1.73 | 1.71 | 1.76 | 1.84 | 1.92 | 1.80 | 1.72 | 1.69 | 1.70 | 1.69 | 2.05 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $38,552,000K ÷ $24,279,000K
= 1.59
The financial leverage ratio of DuPont de Nemours Inc has shown some fluctuations in recent quarters. In the fourth quarter of 2023, the ratio was 1.59, which decreased slightly from the previous quarter but remained relatively stable compared to the same period in the prior year.
Overall, the trend in the financial leverage ratio seems to be within a narrow range between 1.54 and 1.77 over the past eight quarters. This indicates that the company's level of debt relative to its equity has been relatively consistent, with only moderate variations in leverage.
A ratio above 1 suggests that the company has more debt than equity in its capital structure, which could indicate higher financial risk but also potentially higher returns. Conversely, a ratio below 1 would imply a lower level of debt relative to equity.
It would be beneficial to dig deeper into the company's financial statements and other relevant information to understand the factors behind the changes in the financial leverage ratio and to assess the overall financial health and risk profile of DuPont de Nemours Inc.
Peer comparison
Dec 31, 2023