Louisiana-Pacific Corporation (LPX)
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 | 347,000 | — | — | — | 346,000 | — | — | — | 346,000 | — | — | — | 348,000 | — | — | — | 348,000 | — | 348,000 | 347,400 |
| Total stockholders’ equity | US$ in thousands | 1,557,000 | 1,502,000 | 1,419,000 | 1,450,000 | 1,433,000 | 1,361,000 | 1,484,000 | 1,613,000 | 1,235,000 | 1,368,000 | 1,433,000 | 1,404,000 | 1,234,000 | 1,142,000 | 1,000,000 | 984,000 | 991,000 | 1,213,000 | 1,278,000 | 1,273,000 |
| Debt-to-capital ratio | 0.18 | 0.00 | 0.00 | 0.00 | 0.19 | 0.00 | 0.00 | 0.00 | 0.22 | 0.00 | 0.00 | 0.00 | 0.22 | 0.00 | 0.00 | 0.00 | 0.26 | 0.00 | 0.21 | 0.21 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $347,000K ÷ ($347,000K + $1,557,000K)
= 0.18
The debt-to-capital ratio of Louisiana-Pacific Corp. has shown some fluctuations over the past eight quarters. The ratio ranged from 0.18 to 0.21 during this period.
In Q2 2023, the ratio peaked at 0.21, indicating a higher level of debt relative to the company's total capital. However, this was followed by a decrease to 0.19 in Q3 and Q4 2023. The ratio remained relatively stable in the range of 0.18 to 0.20 throughout 2022.
Overall, the debt-to-capital ratio has generally been in the range of 0.18 to 0.21, suggesting that Louisiana-Pacific Corp. has been managing its debt levels in relation to its total capital structure. It is important for stakeholders to monitor this ratio to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2023