Newell Brands Inc (NWL)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	3,112,000	3,126,000	3,315,000	3,333,000	3,519,000	3,855,000	4,022,000	4,047,000	4,158,000	4,055,000	3,986,000	3,836,000	3,874,000	3,726,000	3,492,000	3,454,000	4,963,000	4,137,600	4,969,200	4,948,400
Debt-to-capital ratio		0.60	0.60	0.59	0.59	0.57	0.55	0.49	0.55	0.54	0.55	0.55	0.57	0.57	0.61	0.62	0.61	0.52	0.58	0.57	0.57

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,575,000K ÷ ($4,575,000K + $3,112,000K)
= 0.60

The debt-to-capital ratio of Newell Brands Inc has remained relatively stable over the eight quarters provided. The ratio fluctuated between 0.55 and 0.63 during this period, indicating that the company's level of debt relative to its total capital has been within a moderate range.

The trend shows that the company's debt as a proportion of its overall capitalization has not experienced significant shifts or sudden spikes. This suggests that Newell Brands has been managing its debt levels effectively without taking on excessive financial risk or becoming overly leveraged.

Overall, the consistency in the debt-to-capital ratio indicates that Newell Brands has maintained a prudent balance between debt and equity in its capital structure, which can enhance financial stability and flexibility in the long run.