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.
Peer comparison
Dec 31, 2023