International Paper (IP)
Debt-to-capital 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 | 5,455,000 | — | — | — | 4,816,000 | — | — | — | 5,383,000 | — | 2,200,000 | 2,100,000 | 8,042,000 | 2,120,000 | 9,432,000 | 2,087,000 | 9,597,000 | 9,957,000 | 10,050,000 | 9,965,000 |
| Total stockholders’ equity | US$ in thousands | 8,355,000 | 8,882,000 | 8,404,000 | 8,389,000 | 8,497,000 | 9,488,000 | 9,043,000 | 8,887,000 | 9,082,000 | 9,622,000 | 8,352,000 | 7,758,000 | 7,854,000 | 7,093,000 | 7,057,000 | 6,857,000 | 7,713,000 | 7,441,000 | 7,482,000 | 7,446,000 |
| Debt-to-capital ratio | 0.40 | 0.00 | 0.00 | 0.00 | 0.36 | 0.00 | 0.00 | 0.00 | 0.37 | 0.00 | 0.21 | 0.21 | 0.51 | 0.23 | 0.57 | 0.23 | 0.55 | 0.57 | 0.57 | 0.57 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,455,000K ÷ ($5,455,000K + $8,355,000K)
= 0.40
The debt-to-capital ratio of International Paper Co. has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 0.44 in Q3 2022 to a high of 0.49 in Q2 2023 and Q1 2023. This indicates that the company's level of debt relative to its total capital has been relatively stable, hovering around the 0.47 range in recent quarters.
Overall, the trend suggests that International Paper Co. has maintained a moderate level of debt compared to its total capital structure. It is important to continue monitoring this ratio to ensure that the company's debt levels remain sustainable and in line with its overall financial strategy.
Peer comparison
Dec 31, 2023