Sherwin-Williams Co (SHW)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 23,632,600 4,156,100 3,751,800 3,503,700 3,715,800 3,780,000 3,631,100 3,166,800 3,102,100 2,597,800 2,224,600 2,234,300 2,437,200 2,690,300 2,840,400 3,078,700 3,610,800 4,207,300 3,869,900 3,289,100
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 + $23,632,600K)
= 0.00

The debt-to-capital ratio of Sherwin-Williams Co has consistently been at 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has been using a very low level of debt relative to its total capital structure. A debt-to-capital ratio of 0.00 suggests that the company has not borrowed significantly to finance its operations and that its capital structure is predominantly composed of equity. This low level of debt implies a lower financial risk for the company, as it has minimal financial leverage. Investors and stakeholders may view a consistent low debt-to-capital ratio positively as it indicates a strong financial position and stability in the company's capital structure.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-capital ratio
Sherwin-Williams Co
SHW
0.00
Fastenal Company
FAST
0.03
Tractor Supply Company
TSCO
0.00

See also:

Sherwin-Williams Co Debt to Capital (Quarterly Data)