International Paper (IP)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 23,261,000 | 23,951,000 | 23,683,000 | 23,771,000 | 23,940,000 | 24,865,000 | 25,282,000 | 25,158,000 | 25,243,000 | 29,471,000 | 31,448,000 | 31,477,000 | 31,718,000 | 31,840,000 | 32,519,000 | 33,215,000 | 33,471,000 | 33,848,000 | 34,347,000 | 34,178,000 |
| 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 |
| Financial leverage ratio | 2.78 | 2.70 | 2.82 | 2.83 | 2.82 | 2.62 | 2.80 | 2.83 | 2.78 | 3.06 | 3.77 | 4.06 | 4.04 | 4.49 | 4.61 | 4.84 | 4.34 | 4.55 | 4.59 | 4.59 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $23,261,000K ÷ $8,355,000K
= 2.78
The financial leverage ratio for International Paper Co. has shown some fluctuations in recent quarters. In Q4 2023, the ratio stood at 2.78, which increased from the previous quarter's ratio of 2.70. This indicates that the company increased its reliance on debt to finance its operations compared to the previous quarter.
Looking further back, the financial leverage ratio varied between 2.62 and 2.83 throughout 2022, with the highest ratio recorded in Q2 and Q1 2023. This suggests that the company's debt levels have been fluctuating during this period.
Overall, the trend indicates that International Paper Co. has maintained a relatively stable financial leverage position with occasional fluctuations. It is important for investors and stakeholders to monitor these ratios closely to assess the company's risk and financial health related to its debt levels.
Peer comparison
Dec 31, 2023