Sherwin-Williams Co (SHW)
Financial leverage ratio
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 26,206,400 | 25,363,600 | 24,636,100 | 23,632,600 | 23,968,300 | 23,734,000 | 23,428,100 | 22,954,400 | 23,004,500 | 23,166,100 | 23,129,900 | 22,594,000 | 22,245,800 | 22,052,800 | 21,730,400 | 20,666,700 | 20,736,600 | 20,519,600 | 20,435,000 | 20,401,600 |
| Total stockholders’ equity | US$ in thousands | 4,425,300 | 4,400,900 | 4,130,100 | 4,051,200 | 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 |
| Financial leverage ratio | 5.92 | 5.76 | 5.97 | 5.83 | 5.77 | 6.33 | 6.69 | 6.18 | 6.09 | 6.38 | 7.30 | 7.28 | 8.56 | 9.91 | 9.73 | 8.48 | 7.71 | 7.22 | 6.64 | 5.65 |
September 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $26,206,400K ÷ $4,425,300K
= 5.92
Peer comparison
Sep 30, 2025
Company name
Symbol
Financial leverage ratio
Sherwin-Williams Co
SHW
5.92
Air Products and Chemicals Inc
APD
2.73
Ashland Global Holdings Inc
ASH
2.45
Cabot Corporation
CBT
2.49
Eastman Chemical Company
EMN
—
H B Fuller Company
FUL
2.59
LyondellBasell Industries NV
LYB
3.19
Minerals Technologies Inc
MTX
2.06
PPG Industries Inc
PPG
2.84
WD-40 Company
WDFC
1.77