Stanley Black & Decker Inc (SWK)
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 | 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 stockholders’ equity | US$ in thousands | 9,056,100 | 9,327,300 | 9,533,800 | 9,490,300 | 9,712,100 | 9,546,600 | 9,079,800 | 9,352,800 | 11,590,500 | 11,316,300 | 11,084,000 | 11,401,800 | 11,059,600 | 10,372,900 | 9,959,500 | 8,953,400 | 9,136,300 | 8,262,300 | 8,228,000 | 7,932,500 |
| Debt-to-capital ratio | 0.40 | 0.40 | 0.39 | 0.39 | 0.36 | 0.36 | 0.37 | 0.36 | 0.27 | 0.27 | 0.28 | 0.27 | 0.28 | 0.31 | 0.32 | 0.34 | 0.26 | 0.32 | 0.32 | 0.33 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,101,000K ÷ ($6,101,000K + $9,056,100K)
= 0.40
The debt-to-capital ratio of Stanley Black & Decker Inc has shown a relatively stable trend over the past years, fluctuating between 0.26 and 0.40.
From December 2019 to December 2023, the ratio ranged from a low of 0.26 to a high of 0.40. The ratio was at 0.27 in March 2021, and then increased slightly to 0.32 by September 2021 before decreasing to 0.27 by March 2022. There was a gradual increase in the ratio by December 2022 to 0.36, which remained consistent through September 2023.
This indicates that the company has been maintaining a reasonable proportion of debt relative to its capital structure, with debt financing representing around 27% to 40% of the total capital employed. The stability in the debt-to-capital ratio suggests that the company has been managing its debt levels effectively and has maintained a balanced mix of debt and equity in its capital structure over the years.
Peer comparison
Dec 31, 2023