Walt Disney Company (DIS)

Debt-to-capital ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	38,970,000	42,101,000	45,299,000	48,540,000	52,917,000
Total stockholders’ equity	US$ in thousands	100,696,000	99,277,000	95,008,000	88,553,000	83,583,000
Debt-to-capital ratio		0.28	0.30	0.32	0.35	0.39

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $38,970,000K ÷ ($38,970,000K + $100,696,000K)
= 0.28

The debt-to-capital ratio of Walt Disney Company has shown a decreasing trend over the past five years, indicating a lower reliance on debt in financing its operations. The ratio decreased from 0.39 in 2020 to 0.28 in 2024, suggesting that the company has been gradually reducing its debt levels relative to its total capital. This improvement in the debt-to-capital ratio reflects a more conservative capital structure, which may result in lower financial risk and increased financial stability for the company. Overall, the decreasing trend in the debt-to-capital ratio demonstrates Walt Disney's efforts to manage its debt effectively and maintain a healthy balance between debt and equity in its capital structure.