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.
Peer comparison
Dec 31, 2023