Dow Inc (DOW)

Debt-to-assets ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	14,239,000	13,875,000	11,622,000	12,726,000	15,320,000	17,125,000	16,970,000	18,682,000	19,319,000	20,604,000	19,641,000	19,117,000	17,639,000	18,661,000	19,675,000	19,372,000	20,850,000
Total assets	US$ in thousands	57,967,000	58,288,000	58,294,000	59,316,000	60,603,000	59,557,000	62,143,000	63,335,000	62,990,000	61,749,000	61,768,000	60,437,000	61,470,000	59,945,000	59,276,000	60,686,000	60,524,000	64,937,000	64,889,000	79,737,000
Debt-to-assets ratio		0.00	0.00	0.00	0.24	0.23	0.20	0.20	0.24	0.27	0.27	0.30	0.32	0.34	0.33	0.32	0.29	0.31	0.30	0.30	0.26

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 remained relatively stable over the past eight quarters, ranging from 0.22 to 0.26. This indicates that the company has been able to maintain a consistent level of financing through debt in relation to its total assets. Generally, a lower debt-to-assets ratio is favorable as it suggests lower financial risk and a greater ability to cover its debt obligations with its assets. However, it's important to consider industry norms and compare with competitors to fully assess the company's financial leverage. Overall, the consistent ratio suggests that Dow Inc has been managing its debt and assets in a relatively stable manner over the period.