Newell Brands Inc (NWL)

Debt-to-equity 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-equity ratio		1.47	1.52	1.43	1.43	1.35	1.24	0.94	1.21	1.17	1.20	1.23	1.34	1.33	1.56	1.66	1.56	1.09	1.38	1.35	1.35

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,575,000K ÷ $3,112,000K
= 1.47

The debt-to-equity ratio of Newell Brands Inc has shown some fluctuations over the past eight quarters. The ratio has ranged from 1.23 to 1.69 during this period.

In Q1 and Q2 of 2022, the company's debt-to-equity ratio was relatively low at 1.23 and 1.33, respectively. However, in Q3 and Q4 of 2022, the ratio increased to 1.55 and 1.53, indicating a higher level of debt relative to equity.

Throughout 2023, the debt-to-equity ratio fluctuated between 1.58 and 1.69, suggesting some variability in the company's capital structure. Overall, the trend indicates that Newell Brands Inc has been relying more on debt financing compared to equity financing in recent quarters.

It is important for investors and stakeholders to closely monitor the company's debt-to-equity ratio to assess its financial leverage and risk profile, as a high ratio may indicate a higher level of financial risk.