Olin Corporation (OLN)
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 | 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-equity ratio | 1.16 | 1.16 | 1.12 | 1.11 | 1.01 | 1.01 | 0.96 | 0.93 | 0.97 | 1.18 | 1.63 | 2.18 | 2.65 | 2.70 | 1.86 | 1.52 | 1.38 | 1.25 | 1.17 | 1.08 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,591,300K ÷ $2,232,400K
= 1.16
The debt-to-equity ratio of Olin Corp. has shown some fluctuations over the past eight quarters. In Q4 2022 and Q3 2022, the ratio was relatively stable at 1.01 and increased slightly to 1.03 in Q2 2022 before decreasing to 1.00 in Q1 2022. However, in Q1 2023, there was a slight uptick in the ratio to 1.11 followed by a further increase to 1.12 in Q2 2023. The ratio then remained constant at 1.20 in Q3 2023 and Q4 2023.
Overall, the trend in the debt-to-equity ratio indicates that the company's reliance on debt financing has been increasing gradually since Q1 2023. This may suggest that Olin Corp. is taking on more debt relative to its equity, which could potentially indicate increased financial risk. Further analysis and consideration of other financial metrics are warranted to fully assess the implications of this trend.
Peer comparison
Dec 31, 2023