Stanley Black & Decker Inc (SWK)
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 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,101,000 | 6,099,200 | 6,099,900 | 6,101,100 | 5,352,900 | 5,350,500 | 5,351,800 | 5,355,500 | 4,353,600 | 4,246,900 | 4,246,200 | 4,245,700 | 4,245,400 | 4,658,500 | 4,658,700 | 4,662,600 | 3,176,400 | 3,908,800 | 3,909,100 | 3,909,400 |
| Total assets | US$ in thousands | 23,663,800 | 24,097,100 | 24,933,200 | 25,071,700 | 24,963,300 | 25,523,900 | 29,361,400 | 29,358,700 | 28,180,000 | 24,326,600 | 23,962,900 | 23,876,000 | 23,566,300 | 23,040,900 | 22,984,400 | 22,905,000 | 20,596,600 | 21,322,500 | 21,523,600 | 21,460,300 |
| Debt-to-assets ratio | 0.26 | 0.25 | 0.24 | 0.24 | 0.21 | 0.21 | 0.18 | 0.18 | 0.15 | 0.17 | 0.18 | 0.18 | 0.18 | 0.20 | 0.20 | 0.20 | 0.15 | 0.18 | 0.18 | 0.18 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,101,000K ÷ $23,663,800K
= 0.26
The debt-to-assets ratio of Stanley Black & Decker Inc has shown a generally stable trend over the past few quarters. The ratio has been in the range of 0.15 to 0.26, indicating that the company has maintained a healthy balance between debt and assets.
The ratio was at its lowest at 0.15 in March 2020 and December 2019, suggesting the company had a lower proportion of debt relative to its total assets during those periods. Subsequently, there was an increase in the ratio to 0.26 in December 2023, but this level is still within a reasonable range and does not raise significant concerns about the company's debt level.
Overall, the debt-to-assets ratio of Stanley Black & Decker Inc does not appear to be a major cause for alarm, as it has remained relatively consistent and indicates that the company is effectively managing its debt obligations in relation to its total assets.
Peer comparison
Dec 31, 2023