Waste Management Inc (WM)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 32,823,000 | 31,935,000 | 31,614,000 | 31,290,000 | 31,367,000 | 29,841,000 | 30,128,000 | 29,219,000 | 29,097,000 | 28,841,000 | 29,037,000 | 29,070,000 | 29,345,000 | 24,772,000 | 26,619,000 | 27,178,000 | 27,743,000 | 27,109,000 | 25,986,000 | 23,373,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Waste Management, Inc. has been relatively stable and consistent throughout the past eight quarters, hovering around the range of 0.46 to 0.49. This indicates that the company finances approximately 46% to 49% of its assets through debt, while the remaining percentage is 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 debt utilization in its capital structure, which could be considered relatively conservative. The company does not rely heavily on debt to fund its operations and investments, which may be viewed positively by investors and creditors as it indicates a lower risk of financial distress.
Overall, the consistent trend in the debt-to-assets ratio for Waste Management, Inc. implies a prudent and stable approach to managing its capital structure, maintaining a balance between debt and equity financing to support its business activities.
Peer comparison
Dec 31, 2023