Dow Inc (DOW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 13,875,000 | 17,125,000 | 20,604,000 |
| Total assets | US$ in thousands | 57,312,000 | 57,967,000 | 60,603,000 | 62,990,000 | 61,470,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.23 | 0.27 | 0.34 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $57,312,000K
= 0.00
The debt-to-assets ratio for Dow Inc has shown a decreasing trend over the years, indicating a positive sign in terms of the company's financial health. Starting at 0.34 in December 31, 2020, the ratio has steadily declined to 0.27 in December 31, 2021, further dropping to 0.23 in December 31, 2022.
The most significant change occurred from December 31, 2022, to December 31, 2023, where the ratio decreased to 0.00. This suggests that Dow Inc's total debt has either been fully paid off or significantly reduced compared to its total assets by the end of 2023.
Furthermore, the ratio remained at 0.00 in December 31, 2024, indicating that the company's debt level was effectively negligible compared to its assets at the end of that year. This could imply a strong financial position for Dow Inc, with potentially lower financial risk and improved capacity to invest in growth opportunities or return capital to shareholders.
Peer comparison
Dec 31, 2024