Whirlpool Corporation (WHR)
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 | 6,414,000 | 6,341,000 | 6,393,000 | 7,382,000 | 7,363,000 | 4,722,000 | 4,831,000 | 4,631,000 | 4,929,000 | 4,961,000 | 5,001,000 | 4,982,000 | 5,059,000 | 4,965,000 | 4,886,000 | 4,662,000 | 4,140,000 | 4,105,000 | 4,155,000 | 4,137,000 |
| Total assets | US$ in thousands | 17,312,000 | 16,889,000 | 16,981,000 | 16,864,000 | 17,124,000 | 17,511,000 | 18,352,000 | 19,487,000 | 20,285,000 | 20,394,000 | 20,081,000 | 20,338,000 | 20,436,000 | 20,359,000 | 18,676,000 | 20,338,000 | 18,973,000 | 18,406,000 | 19,855,000 | 19,686,000 |
| Debt-to-assets ratio | 0.37 | 0.38 | 0.38 | 0.44 | 0.43 | 0.27 | 0.26 | 0.24 | 0.24 | 0.24 | 0.25 | 0.24 | 0.25 | 0.24 | 0.26 | 0.23 | 0.22 | 0.22 | 0.21 | 0.21 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,414,000K ÷ $17,312,000K
= 0.37
The debt-to-assets ratio of Whirlpool Corp. has shown variations over the past eight quarters. The ratio has generally been increasing since Q1 2022, indicating a rising level of debt relative to total assets. This trend suggests that Whirlpool has been taking on more debt to finance its operations or investments.
The ratio was at its lowest point in Q2 2022 and Q3 2022, both at 0.28, which may have indicated a period of lower debt levels relative to assets. However, from Q4 2022 onwards, the ratio has been consistently increasing, reaching a high of 0.46 in Q1 2023.
A debt-to-assets ratio of 0.42 in Q4 2023 suggests that 42% of Whirlpool's assets are being financed by debt. While this ratio is higher than the earlier points in the period under review, it is not excessively high, indicating that Whirlpool's debt levels are still manageable.
It is important for investors and stakeholders to monitor this ratio over time to assess Whirlpool's financial leverage and ability to meet its debt obligations.
Peer comparison
Dec 31, 2023