Sylvamo Corp (SLVM)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,872,000 | 2,785,000 | 2,823,000 | 2,798,000 | 2,710,000 | 2,797,000 | 2,741,000 | 2,709,000 | 2,597,000 | 2,737,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Sylvamo Corp has shown a consistent downward trend over the past five quarters, decreasing from 0.38 in Q4 2022 to 0.33 in Q4 2023. This indicates that Sylvamo Corp has been able to reduce its reliance on debt financing relative to its asset base. A lower debt-to-assets ratio suggests that the company has a stronger financial position with a greater proportion of assets funded by equity rather than debt. However, it is important to note that the ratio has remained relatively stable around the 0.33 to 0.38 range in the most recent quarters, indicating a level of stability in the company's capital structure. Overall, the decreasing trend in the debt-to-assets ratio reflects positively on Sylvamo Corp's financial health and management of its debt obligations.
Peer comparison
Dec 31, 2023