Walt Disney Company (DIS)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	100,696,000	100,622,000	99,252,000	100,721,000	99,277,000	97,610,000	97,859,000	96,149,000	95,008,000	92,500,000	90,636,000	89,864,000	88,553,000	86,741,000	85,540,000	84,071,000	83,583,000	85,866,000	90,407,000	89,757,000
Debt-to-equity ratio		0.39	0.39	0.40	0.41	0.42	0.46	0.46	0.47	0.48	0.50	0.51	0.53	0.55	0.59	0.60	0.63	0.63	0.63	0.47	0.42

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $38,970,000K ÷ $100,696,000K
= 0.39

The debt-to-equity ratio of Walt Disney Company has shown a fluctuating trend over the past few years, ranging from 0.39 to 0.63. A lower ratio indicates that the company relies more on equity financing rather than debt, which can be seen as a positive sign of financial stability and lower financial risk.

The ratio reached its lowest point of 0.39 in September 2024 and remained relatively stable around this level in the most recent quarters. This implies that Disney has a lower level of debt relative to its equity base. However, it is essential to monitor this ratio over time to ensure that the company maintains a healthy balance between debt and equity financing to support its growth and operations effectively.

Overall, the debt-to-equity ratio of Walt Disney Company suggests a conservative approach towards debt management, which can be beneficial for long-term sustainability and financial health.