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