Newell Brands Inc (NWL)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 11,004,000 | 11,773,000 | 12,048,000 | 12,100,000 | 12,163,000 | 12,572,000 | 13,020,000 | 13,276,000 | 13,262,000 | 14,678,000 | 14,448,000 | 14,204,000 | 14,179,000 | 14,520,000 | 14,620,000 | 14,340,000 | 14,700,000 | 14,720,000 | 14,257,000 | 13,903,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,004,000K
= 0.00
The debt-to-assets ratio for Newell Brands Inc has consistently remained at 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt financing to fund its assets during this time frame. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, suggesting a low financial risk and a strong financial position.
From an investor's perspective, a low debt-to-assets ratio may indicate that the company has a lower risk of defaulting on its debt obligations and may be better positioned to weather economic downturns. However, it could also suggest that the company is not taking advantage of potential tax benefits associated with debt financing. Further analysis into the company's capital structure and overall financial strategy would be necessary to fully assess the implications of this consistently low debt-to-assets ratio.
Peer comparison
Dec 31, 2024