Waste Management Inc (WM)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 8,252,000 | 6,903,000 | 6,849,000 | 7,124,000 | 7,452,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,252,000K)
= 0.00
The debt-to-capital ratio for Waste Management Inc has consistently remained at 0.00% for the years ending December 31, from 2020 to 2024. This indicates that the company has not used debt as a significant component of its capital structure during this period. A lower debt-to-capital ratio suggests lower financial risk and a stronger financial position, as the company relies more on equity financing rather than debt financing to fund its operations and investments. This stable and low debt-to-capital ratio demonstrates prudent financial management and a conservative approach to leverage, which may be viewed favorably by investors and creditors.
Peer comparison
Dec 31, 2024