WESCO International Inc (WCC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,037,100 | 4,888,200 | 4,805,600 | 4,594,300 | 4,454,200 | 4,196,820 | 4,116,790 | 3,973,400 | 3,782,520 | 3,588,480 | 3,532,270 | 3,407,060 | 3,343,720 | 3,220,860 | 3,107,400 | 2,209,170 | 2,265,480 | 2,193,120 | 2,141,080 | 2,202,360 |
| Debt-to-equity ratio | 1.05 | 1.10 | 1.15 | 1.22 | 1.20 | 1.24 | 1.22 | 1.22 | 1.24 | 1.27 | 1.22 | 1.35 | 1.31 | 1.51 | 1.63 | 0.70 | 0.55 | 0.61 | 0.65 | 0.55 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,313,100K ÷ $5,037,100K
= 1.05
The debt-to-equity ratio of Wesco International, Inc. has been fluctuating over the past eight quarters, with values ranging from 1.06 to 1.22. This ratio indicates the proportion of the company's assets that are financed through debt versus equity. A higher ratio suggests that the company relies more on debt to finance its operations, while a lower ratio indicates a greater reliance on equity.
The trend observed in the data shows a slight increase in the debt-to-equity ratio from Q4 2022 to Q2 2023, peaking at 1.22 in both quarters. This may imply that Wesco International has been taking on more debt relative to its equity during this period. However, the ratio seems to have stabilized in the last two quarters of 2023, showing a small decrease in Q4 2023 compared to the previous quarter.
Overall, the debt-to-equity ratio of Wesco International, Inc. remains elevated above 1, indicating a higher level of debt usage in relation to equity. Stakeholders may want to monitor this ratio closely to assess the company's leverage and financial risk levels, as well as its ability to meet its debt obligations in the long term.
Peer comparison
Dec 31, 2023