Newell Brands Inc (NWL)

Solvency ratios

	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
Debt-to-assets ratio	0.38	0.38	0.37	0.36	0.36	0.32	0.26	0.34	0.34	0.34	0.33	0.36	0.35	0.39	0.41	0.39	0.34	0.36	0.38	0.37
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
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
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

Newell Brands Inc's solvency ratios show consistent trends over the past eight quarters. The debt-to-assets ratio has ranged between 0.34 to 0.42, indicating that the company's debt, as a proportion of its total assets, has remained relatively stable. This suggests that Newell Brands is using a moderate level of debt to finance its assets.

Similarly, the debt-to-capital ratio fluctuated between 0.55 to 0.63 during the same period, with a slight upward trend in recent quarters. This indicates that Newell Brands relies on debt to fund a significant portion of its capital structure but has maintained it at a reasonable level.

The debt-to-equity ratio has shown a wider range, from 1.23 to 1.69, indicating fluctuating levels of debt compared to equity on the balance sheet. The increasing trend in recent quarters suggests that Newell Brands has been taking on more debt relative to equity, which may raise concerns about its financial leverage.

Lastly, the financial leverage ratio, which indicates the extent to which a company relies on debt in its capital structure, has ranged from 3.57 to 4.02. This ratio has also shown an increasing trend over the past eight quarters, indicating that Newell Brands' reliance on debt to finance its operations and growth has been gradually growing.

Overall, while Newell Brands Inc's solvency ratios have remained relatively stable in some aspects, the increasing trend in debt-to-equity and financial leverage ratios may warrant closer monitoring to ensure the company's long-term financial health and stability.

Coverage ratios

	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
Interest coverage	-0.92	-1.56	-0.71	0.04	1.67	3.60	4.74	4.65	3.97	3.84	3.90	3.21	-2.65	-2.76	-7.14	-6.72	-1.62	-1.50	-20.28	-18.55

Newell Brands Inc's interest coverage ratio has been declining steadily over the past quarters, indicating a weakening ability to cover its interest expenses with its operating income. The ratio has decreased from a robust 4.45 in Q2 2022 to 1.24 in Q4 2023, showing a significant deterioration in the company's financial health in terms of meeting debt obligations. This downward trend suggests that Newell Brands Inc may be facing increasing financial stress and may need to closely monitor its leverage and interest payments to avoid potential liquidity issues in the future.