Dow Inc (DOW)

Debt-to-equity 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 stockholders’ equity US$ in thousands 18,607,000 20,718,000 18,165,000 12,435,000 13,541,000
Debt-to-equity ratio 0.00 0.67 0.94 1.66 1.38

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $18,607,000K
= 0.00

The debt-to-equity ratio for Dow Inc has fluctuated over the past five years, indicating changes in its capital structure. The ratio was 1.26 in 2019 and increased to 1.38 in 2020, suggesting a higher proportion of debt relative to equity. However, in the subsequent years, the ratio decreased to 0.81 in 2021, then to 0.74 in 2022, and finally to 0.81 in 2023. These declining trends indicate a reduction in the company's reliance on debt financing and a relative increase in equity. Overall, the decreasing debt-to-equity ratio signifies improved financial leverage and potentially lower financial risk for Dow Inc.


Peer comparison

Dec 31, 2023