Olin Corporation (OLN)
Debt-to-assets 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 | 2,591,300 | 2,711,200 | 2,717,300 | 2,764,600 | 2,571,000 | 2,580,400 | 2,579,600 | 2,578,900 | 2,578,200 | 2,823,500 | 3,381,800 | 3,706,000 | 3,837,500 | 3,959,500 | 4,073,900 | 3,489,500 | 3,338,700 | 3,339,000 | 3,232,600 | 3,067,200 |
| Total assets | US$ in thousands | 7,713,200 | 7,815,200 | 7,952,500 | 8,109,400 | 8,044,200 | 8,220,200 | 8,675,200 | 8,574,700 | 8,517,700 | 8,652,700 | 8,657,200 | 8,453,200 | 8,270,900 | 8,266,600 | 8,978,100 | 9,184,400 | 9,187,800 | 9,232,600 | 9,235,300 | 9,169,900 |
| Debt-to-assets ratio | 0.34 | 0.35 | 0.34 | 0.34 | 0.32 | 0.31 | 0.30 | 0.30 | 0.30 | 0.33 | 0.39 | 0.44 | 0.46 | 0.48 | 0.45 | 0.38 | 0.36 | 0.36 | 0.35 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,591,300K ÷ $7,713,200K
= 0.34
The debt-to-assets ratio of Olin Corp. has been relatively stable over the past eight quarters, ranging from 0.31 to 0.36. This ratio indicates the proportion of the company's assets financed by debt, with lower values suggesting lower financial risk and greater financial strength.
In the fourth quarter of 2023, the debt-to-assets ratio was 0.35, slightly higher compared to the previous quarter but in line with the general trend. This suggests that around 35% of Olin Corp.'s total assets are financed by debt.
Overall, the consistency in the debt-to-assets ratio over the past two years indicates that Olin Corp. has maintained a balanced approach to managing its debt levels relative to its asset base. Investors and creditors may view this stability positively as it indicates a prudent approach to financial leverage.
Peer comparison
Dec 31, 2023