Sherwin-Williams Co (SHW)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $23,632,600K
= 0.00

The debt-to-equity ratio of Sherwin-Williams Co has consistently remained at 0.00 for each reporting period from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and has relied solely on equity financing. A debt-to-equity ratio of 0.00 typically signifies a conservative financial strategy, where the company is not leveraging debt to fund its growth, which could imply lower financial risk and a strong financial position. It is important to note that a lower debt-to-equity ratio may also suggest limited capacity for expansion or potentially lower returns on equity compared to companies with higher levels of debt.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-equity 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 Equity (Quarterly Data)