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

Company name
Symbol
Debt-to-capital ratio
International Paper
IP
0.40
Mativ Holdings Inc.
MATV
0.54
Sylvamo Corp
SLVM
0.00