Dow Inc (DOW)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 13,875,000 17,125,000 20,604,000 18,661,000
Total assets US$ in thousands 57,967,000 60,603,000 62,990,000 61,470,000 60,524,000
Debt-to-assets ratio 0.00 0.23 0.27 0.34 0.31

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $57,967,000K
= 0.00

The debt-to-assets ratio for Dow Inc has exhibited some fluctuation over the past five years. In 2023, the ratio increased to 0.26 from 0.25 in 2022, indicating that the company's reliance on debt in relation to its total assets has slightly increased. Despite this, the ratio remains relatively low, suggesting that a significant portion of the company's assets is financed by equity. The trend over the past five years reflects some variability, with a peak of 0.28 in 2020 and 2019, followed by a decline to 0.23 in 2021. Overall, the company's debt-to-assets ratio has demonstrated some variability, but has generally been at a moderate level, suggesting a balanced approach to financing its assets.


Peer comparison

Dec 31, 2023