Dupont De Nemours Inc (DD)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.45 |
| 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 |
DuPont de Nemours Inc has maintained a relatively stable solvency position over the quarters covered in the data. The debt-to-assets ratio has remained consistent around 0.20, indicating that the company's total debt relative to its total assets has been well-managed. Similarly, the debt-to-capital ratio and debt-to-equity ratio have also shown stability, hovering around 0.24 and 0.32, respectively. This suggests that the company has maintained a balanced mix of debt and equity in its capital structure.
Furthermore, the financial leverage ratio, which measures the company's reliance on debt financing, has also shown consistency around 1.56. While there was a slight increase in leverage ratio in Q3 and Q4 of 2022, it has since trended downward, indicating potential efforts to reduce leverage and improve financial stability.
Overall, based on the solvency ratios analyzed, DuPont de Nemours Inc appears to have a solid financial foundation with manageable levels of debt and a balanced capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -5.10 | 10.64 | 10.98 | 10.92 | 10.00 | -0.50 | -0.74 | -0.20 | 0.45 | 1.74 | 0.13 | -1.55 | -3.21 | -5.28 | -4.35 | -3.26 | -2.93 | 2.21 | 0.14 | -0.42 |
DuPont de Nemours Inc's interest coverage ratio has shown a generally positive trend over the past eight quarters, indicating the company's ability to meet its interest obligations comfortably. The interest coverage ratio increased from 4.74 in Q4 2022 to 7.34 in Q4 2023, demonstrating a significant improvement in the company's ability to cover its interest expenses with its operating income.
The company maintained relatively strong interest coverage ratios above 4.5 throughout the period, with the highest ratio of 7.50 in Q3 2023 and the lowest ratio of 4.51 in Q3 2022. This suggests that DuPont de Nemours Inc has been consistently generating sufficient operating income to cover its interest payments over the past two years.
The gradual increase in the interest coverage ratio from Q1 2023 to Q4 2023 reflects an improving financial position for the company in terms of its ability to service its debt. Overall, the trend indicates that DuPont de Nemours Inc has been managing its interest obligations effectively and is in a strong position to meet its debt obligations in the foreseeable future.