Waste Management Inc (WM)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 32,823,000 | 31,367,000 | 29,097,000 | 29,345,000 | 27,743,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $32,823,000K
= 0.00
The debt-to-assets ratio of Waste Management, Inc. has been relatively stable over the past five years, ranging between 0.46 to 0.49. This ratio indicates that, on average, the company finances approximately 46% to 49% of its total assets through debt, with the remaining portion funded by equity.
A debt-to-assets ratio of around 0.46 to 0.49 suggests that Waste Management, Inc. has a moderate level of leverage in its capital structure. This indicates that the company uses a reasonable amount of debt to finance its operations and investments, which is common for companies in the waste management industry that require significant capital expenditures.
Overall, the trend in the debt-to-assets ratio for Waste Management, Inc. shows consistency and stability in its capital structure management over the years, which may indicate a prudent approach to balancing debt and equity financing to support its business operations and growth initiatives.
Peer comparison
Dec 31, 2023