Walt Disney Company (DIS)
Debt-to-assets ratio
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 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 38,970,000 | 39,524,000 | 39,510,000 | 41,603,000 | 42,101,000 | 44,544,000 | 45,066,000 | 45,128,000 | 45,299,000 | 46,022,000 | 46,624,000 | 47,349,000 | 48,540,000 | 51,110,000 | 50,903,000 | 52,878,000 | 52,917,000 | 54,197,000 | 42,770,000 | 38,057,000 |
Total assets | US$ in thousands | 196,219,000 | 197,772,000 | 195,110,000 | 197,774,000 | 205,579,000 | 203,783,000 | 204,858,000 | 202,124,000 | 203,631,000 | 204,074,000 | 202,453,000 | 203,311,000 | 203,609,000 | 202,221,000 | 200,250,000 | 201,888,000 | 201,549,000 | 207,649,000 | 206,294,000 | 200,948,000 |
Debt-to-assets ratio | 0.20 | 0.20 | 0.20 | 0.21 | 0.20 | 0.22 | 0.22 | 0.22 | 0.22 | 0.23 | 0.23 | 0.23 | 0.24 | 0.25 | 0.25 | 0.26 | 0.26 | 0.26 | 0.21 | 0.19 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $38,970,000K ÷ $196,219,000K
= 0.20
The debt-to-assets ratio of Walt Disney Company has shown a relatively stable trend over the past few years, hovering around the range of 0.20 to 0.26. This ratio indicates the proportion of the company's assets that are financed with debt, with a lower ratio suggesting lower financial risk due to a higher proportion of assets being funded by equity.
From the data provided, we can observe that the debt-to-assets ratio has increased slightly from 0.20 in September 2019 to 0.26 in December 2020, before gradually decreasing to 0.20 in September 2024. This decrease may signify a reduction in the company's reliance on debt financing or an increase in asset base relative to its debt obligations.
Overall, the consistent maintenance of a manageable debt-to-assets ratio suggests that Walt Disney Company has been prudent in managing its debt levels relative to its asset base. Investors and stakeholders may view this ratio positively as it indicates a strong financial position and ability to meet debt obligations. It is important for the company to continue monitoring and managing its debt levels to ensure long-term financial stability and sustainability.
Peer comparison
Sep 30, 2024