Sherwin-Williams Co (SHW)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,051,200K
= 0.00
Based on the provided data, the debt-to-equity ratio of Sherwin-Williams Co has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been using zero debt to finance its operations relative to its equity during this period. A debt-to-equity ratio of 0.00 signifies that the company has relied solely on equity financing, which may suggest a conservative financial strategy with minimal financial risk related to debt obligations. It could also imply a strong financial position, as the company has not taken on any debt to support its growth or operations. However, it's important to consider the potential limitations of just looking at a single ratio in isolation, as a more comprehensive analysis of the company's financial health would require examining additional financial metrics and qualitative factors.
Peer comparison
Dec 31, 2024