Newell Brands Inc (NWL)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	4,575,000	4,756,000	4,883,000	5,141,000	5,391,000
Total assets	US$ in thousands	12,163,000	13,262,000	14,269,000	14,700,000	15,642,000
Debt-to-assets ratio		0.38	0.36	0.34	0.35	0.34

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,575,000K ÷ $12,163,000K
= 0.38

The debt-to-assets ratio for Newell Brands Inc has shown some fluctuation over the past five years. In 2023, the ratio stands at 0.40, slightly lower than the previous year's 0.41. This indicates that Newell Brands' debt accounts for 40% of its total assets.

Comparing this to historical data, the ratio was at its lowest in 2021 at 0.34, suggesting a lower level of debt relative to assets at that time. On the other hand, the ratio peaked in 2022 at 0.41, indicating a higher proportion of debt compared to assets in that year.

Overall, the trend in the debt-to-assets ratio for Newell Brands Inc has seen some variation, but the company has generally maintained a reasonable balance between debt and assets over the past five years. This ratio is essential for assessing the company's leverage and financial risk, with a lower ratio indicating less reliance on debt financing and potentially lower financial risk.