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.