Sherwin-Williams Co (SHW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 23,632,600 | 22,954,400 | 22,594,000 | 20,666,700 | 20,401,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $23,632,600K
= 0.00
Sherwin-Williams Co has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily funded by equity rather than debt, which can be seen as a positive sign of financial stability and strength. It indicates that Sherwin-Williams Co has a conservative approach towards debt management and is able to meet its financial obligations using its own resources.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Sherwin-Williams Co
SHW
0.00
Fastenal Company
FAST
0.03
Tractor Supply Company
TSCO
0.00