Dow Inc (DOW)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total assets | US$ in thousands | 57,312,000 | 59,389,000 | 58,526,000 | 58,817,000 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $57,312,000K
= 0.00
The debt-to-assets ratio of Dow Inc has exhibited a declining trend from March 31, 2020 to September 30, 2021, indicating that the company has been decreasing its reliance on debt to finance its assets. However, this trend reversed from December 31, 2021 to December 31, 2022, with a slight increase in the ratio. From March 31, 2023 to June 30, 2023, the ratio dropped significantly to 0.00, which may suggest a reduction in the company's debt levels or an increase in its asset base. This ratio remained at 0.00 from September 30, 2023 to December 31, 2024, indicating that Dow Inc had no debt relative to its total assets during this period.
Overall, a decreasing trend in the debt-to-assets ratio is generally considered positive as it indicates lower financial risk and greater financial stability for the company. However, a very low ratio of 0.00 may also signal a conservative financial strategy with limited leverage, which could potentially restrict the company's ability to capitalize on growth opportunities or maximize returns for shareholders.
Peer comparison
Dec 31, 2024