Sylvamo Corp (SLVM)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $901,000K
= 0.00
The debt-to-equity ratio of Sylvamo Corp has shown a decreasing trend over the five quarters presented in the table. Starting at 1.52 in Q4 2022, the ratio has steadily declined to 1.06 in Q4 2023. This downward trend indicates that the company has been reducing its reliance on debt financing relative to equity as a source of funding. A lower debt-to-equity ratio typically suggests a lower financial risk and a stronger financial position. This improvement may indicate a more balanced capital structure and a potential decrease in the company's financial leverage over the period analyzed.
Peer comparison
Dec 31, 2023