Olin Corporation (OLN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,232,400 | 2,327,500 | 2,432,000 | 2,492,800 | 2,543,600 | 2,549,700 | 2,696,100 | 2,785,900 | 2,652,200 | 2,387,900 | 2,074,700 | 1,696,600 | 1,450,800 | 1,469,100 | 2,188,900 | 2,289,100 | 2,417,500 | 2,664,700 | 2,770,800 | 2,837,600 |
| Debt-to-capital ratio | 0.54 | 0.54 | 0.53 | 0.53 | 0.50 | 0.50 | 0.49 | 0.48 | 0.49 | 0.54 | 0.62 | 0.69 | 0.73 | 0.73 | 0.65 | 0.60 | 0.58 | 0.56 | 0.54 | 0.52 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,591,300K ÷ ($2,591,300K + $2,232,400K)
= 0.54
The debt-to-capital ratio of Olin Corp. has been relatively stable over the past eight quarters, ranging from 0.50 to 0.55. This ratio indicates the proportion of the company's capital that is funded by debt. With values consistently above 0.50, Olin Corp. relies more on debt financing compared to equity. The slight fluctuations in the ratio suggest that the company's capital structure has remained relatively consistent over this period. A higher debt-to-capital ratio may indicate higher financial risk due to increased leverage, as the company has a greater debt component in its capital structure. It is essential for investors and stakeholders to monitor this ratio over time to assess Olin Corp.'s financial health and risk profile.
Peer comparison
Dec 31, 2023