Smurfit WestRock plc (SW)
Debt-to-equity ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Jun 30, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 14 | 0 | 5,560,000 | 5,357,000 | 5,025,000 |
| Debt-to-equity ratio | 0.00 | — | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $14K
= 0.00
Based on the data provided for Smurfit WestRock plc, the debt-to-equity ratio indicates 0.00 as of June 30, 2024. This implies that the company has no debt in relation to its equity as of that date. It is important to note that the debt-to-equity ratio for the previous periods, including March 31, 2024, December 31, 2023, June 30, 2023, and December 31, 2022, also indicates 0.00 consistently.
A debt-to-equity ratio of 0.00 signifies that the company has either no debt or a negligible amount of debt in comparison to its equity. This can be perceived positively as it suggests that the company is not heavily reliant on debt financing to fund its operations or investments. However, it is essential to consider the context of the industry, company size, and overall financial strategy in evaluating the significance of this ratio.
Further analysis into the capital structure, liquidity position, and growth plans of Smurfit WestRock plc would provide more insights into the reasons behind the consistent debt-to-equity ratio of 0.00 observed over the specified periods.
Peer comparison
Jun 30, 2024