Sylvamo Corp (SLVM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 901,000 | 836,000 | 862,000 | 790,000 | 678,000 | 258,000 | 252,000 | 331,000 | 182,000 | 265,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $901,000K)
= 0.00
The debt-to-capital ratio of Sylvamo Corp has been decreasing steadily over the past five quarters, from 0.60 in Q4 2022 to 0.52 in Q4 2023. This trend indicates that the company has been reducing its reliance on debt to finance its operations and investments relative to its total capital structure. A lower debt-to-capital ratio suggests a healthier financial position and less financial risk for the company. It is important to continue monitoring this ratio in future periods to assess the sustainability of this downward trend in debt utilization.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-capital ratio
Sylvamo Corp
SLVM
0.00
International Paper
IP
0.40
Mativ Holdings Inc.
MATV
0.54