Newell Brands Inc (NWL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.91 | 4.02 | 3.93 | 3.98 | 3.77 | 3.81 | 3.59 | 3.51 | 3.43 | 3.58 | 3.67 | 3.74 | 3.79 | 3.95 | 4.08 | 4.03 | 3.15 | 3.87 | 3.56 | 3.66 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,163,000K ÷ $3,112,000K
= 3.91
The financial leverage ratio of Newell Brands Inc has been fluctuating over the past eight quarters, ranging from 3.57 to 4.02. This ratio indicates that the company is utilizing debt to finance its operations and investments. A higher financial leverage ratio suggests that a larger portion of the company's assets is funded by debt rather than equity.
In comparison to the previous quarters, the financial leverage ratio has been relatively stable around the range of 3.66 to 4.02 in the most recent quarters. This could imply that the company has maintained a consistent level of debt usage to support its business activities.
It is essential for investors and stakeholders to monitor the financial leverage ratio, as excessively high levels of debt can increase financial risk for the company, especially during economic downturns or periods of high interest rates. Additionally, fluctuations in the ratio may indicate changes in the company's capital structure and financial strategy.
Peer comparison
Dec 31, 2023