Sylvamo Corp (SLVM)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total assets | US$ in thousands | 2,872,000 | 2,710,000 | 2,597,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,872,000K
= 0.00
The debt-to-assets ratio for Sylvamo Corp has displayed a fluctuating trend over the past four years. In 2020, the ratio was unusually low at 0.01, indicating a very low level of debt relative to total assets. This suggests a conservative debt management strategy or potentially a strong asset base.
However, in 2021, there was a noticeable increase in the ratio to 0.54, reflecting a significant rise in debt relative to assets. This could indicate an aggressive expansion or investment strategy that required increased borrowing.
In 2022, the ratio decreased to 0.38, suggesting a reduction in debt relative to assets compared to the previous year. This could imply a shift towards deleveraging or more conservative financial management practices.
By the end of 2023, the ratio further decreased to 0.33, indicating a continued reduction in debt relative to total assets. This trend may signify ongoing efforts to strengthen the company's financial position by lowering leverage levels or improving asset efficiency.
Overall, the fluctuating trend in Sylvamo Corp's debt-to-assets ratio suggests varying levels of leverage and debt management strategies over the years, reflecting different stages of the company's financial health and strategic objectives. Further analysis and consideration of the company's overall financial performance and market conditions would be necessary to fully interpret the implications of these changes in the debt-to-assets ratio.
Peer comparison
Dec 31, 2023