Sherwin-Williams Co (SHW)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 20,809,700 | 20,494,500 | 20,570,300 |
| 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 |
| Financial leverage ratio | 1.00 | 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 | 4.95 | 5.30 | 6.25 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $23,632,600K ÷ $23,632,600K
= 1.00
The financial leverage ratio of Sherwin-Williams Co has been fluctuating over the periods mentioned. The ratio stood at 6.25 as of March 31, 2020, indicating high financial leverage. It decreased to 4.95 by September 30, 2020, before increasing to 8.48 by December 31, 2021. From there, it started decreasing gradually and reached 5.77 by September 30, 2024.
Notably, the ratio experienced a significant drop to 1.00 as of December 31, 2024, which could be an anomaly or a result of a specific event impacting the capital structure.
Overall, the trend in the financial leverage ratio suggests fluctuations in the company's reliance on debt financing over the periods analyzed, which could indicate varying levels of financial risk and stability. It would be important to further investigate the reasons behind these fluctuations to assess the company's capital structure and financial health effectively.
Peer comparison
Dec 31, 2024