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.
Peer comparison
Dec 31, 2023