Newell Brands Inc (NWL)
Debt-to-assets 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 | 4,575,000 | 4,737,000 | 4,753,000 | 4,776,000 | 4,756,000 | 4,762,000 | 3,793,000 | 4,880,000 | 4,883,000 | 4,884,000 | 4,885,000 | 5,135,000 | 5,141,000 | 5,794,000 | 5,781,000 | 5,375,000 | 5,391,000 | 5,691,700 | 6,707,800 | 6,694,600 |
| Total assets | US$ in thousands | 12,163,000 | 12,572,000 | 13,020,000 | 13,276,000 | 13,262,000 | 14,678,000 | 14,448,000 | 14,204,000 | 14,269,000 | 14,520,000 | 14,620,000 | 14,340,000 | 14,700,000 | 14,720,000 | 14,257,000 | 13,903,000 | 15,642,000 | 16,010,200 | 17,666,300 | 18,106,100 |
| Debt-to-assets ratio | 0.38 | 0.38 | 0.37 | 0.36 | 0.36 | 0.32 | 0.26 | 0.34 | 0.34 | 0.34 | 0.33 | 0.36 | 0.35 | 0.39 | 0.41 | 0.39 | 0.34 | 0.36 | 0.38 | 0.37 |
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 been relatively stable over the past eight quarters, ranging from 0.34 to 0.42. This ratio indicates the proportion of the company's assets funded by debt. A lower ratio suggests lower financial risk, as it implies that a smaller portion of assets is financed by debt.
Newell Brands Inc's debt-to-assets ratio has been generally within a reasonable range, indicating a balanced mix of debt and equity in its capital structure. The slight increase in the ratio from Q1 2022 to Q1 2023 may suggest a modest rise in leverage, but it remains at a level that does not indicate excessive debt reliance.
Overall, the stability of the debt-to-assets ratio for Newell Brands Inc over the past two years implies a consistent approach to managing its capital structure and financial risk.
Peer comparison
Dec 31, 2023