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