Sherwin-Williams Co (SHW)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,051,200 | 3,715,800 | 3,102,100 | 2,437,200 | 3,610,800 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,051,200K)
= 0.00
The debt-to-capital ratio of Sherwin-Williams Co has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during these periods. A zero debt-to-capital ratio signifies that the company's capital is entirely funded by equity rather than debt, implying a lower financial risk and a strong financial position. Sherwin-Williams Co's ability to maintain a debt-free capital structure may reflect prudent financial management practices and a focus on leveraging equity financing for investments and expansion, thereby potentially reducing interest expense and financial leverage risk. This stable and low debt-to-capital ratio indicates a sound financial position and may be viewed positively by investors and stakeholders.
Peer comparison
Dec 31, 2024