WESCO International Inc (WCC)
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 | 5,313,100 | 5,378,300 | 5,523,100 | 5,595,100 | 5,346,000 | 5,192,820 | 5,039,860 | 4,836,660 | 4,701,540 | 4,565,770 | 4,303,120 | 4,592,730 | 4,369,950 | 4,878,120 | 5,068,550 | 1,542,600 | 1,257,070 | 1,346,330 | 1,399,490 | 1,214,280 |
| Total assets | US$ in thousands | 15,060,900 | 15,168,600 | 15,162,700 | 14,971,200 | 14,811,700 | 14,080,600 | 13,863,300 | 13,185,000 | 12,617,700 | 12,481,000 | 12,299,100 | 11,878,300 | 11,880,200 | 11,868,300 | 11,732,000 | 5,230,960 | 5,017,640 | 5,047,410 | 5,067,940 | 4,984,640 |
| Debt-to-assets ratio | 0.35 | 0.35 | 0.36 | 0.37 | 0.36 | 0.37 | 0.36 | 0.37 | 0.37 | 0.37 | 0.35 | 0.39 | 0.37 | 0.41 | 0.43 | 0.29 | 0.25 | 0.27 | 0.28 | 0.24 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,313,100K ÷ $15,060,900K
= 0.35
The debt-to-assets ratio of Wesco International, Inc. has remained relatively stable over the past eight quarters, fluctuating between 0.35 and 0.37. This ratio indicates that about 35% to 37% of the company's assets are financed by debt, with the remainder funded by equity.
A decreasing trend in the debt-to-assets ratio would suggest that the company is becoming less reliant on debt to finance its operations, which could be viewed positively by investors and creditors as it indicates a stronger financial position. Conversely, an increasing trend may signal that the company is taking on more debt relative to its assets, potentially increasing its financial risk.
Overall, Wesco International's debt-to-assets ratio indicates a moderate level of financial leverage, and further analysis of the company's overall financial health and performance would be needed to fully evaluate its solvency and risk profile.
Peer comparison
Dec 31, 2023