Smurfit WestRock plc (SW)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,560,000 | 5,025,000 | 4,379,000 | 3,770,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,560,000K
= 0.00
The debt-to-equity ratio of Smurfit WestRock plc has consistently been 0.00 for the past four years, including as of December 31, 2023. This indicates that the company has not utilized any debt to finance its operations and investments in relation to its equity during this period. A debt-to-equity ratio of 0.00 signifies that the company's debt levels are either extremely low or non-existent compared to its equity, reflecting a relatively low financial risk and a conservative approach to capital structure. It suggests that the company has been relying more on equity financing or internally generated funds rather than external borrowing to fund its activities. Investors and stakeholders may view this stability in the debt-to-equity ratio as a positive sign of the company's financial strength and disciplined balance sheet management.
Peer comparison
Dec 31, 2023