Waste Management Inc (WM)

Debt-to-capital 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 stockholders’ equity US$ in thousands 6,903,000 6,950,000 6,909,000 6,794,000 6,849,000 7,010,000 7,190,000 7,144,000 7,124,000 7,172,000 7,352,000 7,427,000 7,452,000 7,155,000 6,891,000 6,743,000 7,068,000 6,785,000 6,466,000 6,415,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,903,000K)
= 0.00

The debt-to-capital ratio of Waste Management, Inc. has been relatively stable over the past eight quarters, ranging from 0.65 to 0.70. This ratio indicates the proportion of the company's capital structure that is financed by debt. With values consistently above 0.65, it suggests that a significant portion of Waste Management's capital comes from debt financing.

The trend of this ratio implies that Waste Management has been maintaining a relatively consistent level of debt relative to its total capital over the period analyzed. A higher ratio could indicate increased financial leverage and risk, while a lower ratio might signify a more conservative financial structure.

Overall, based on the data provided, Waste Management appears to have a moderate level of debt in its capital structure, with a consistent debt-to-capital ratio around the range of 0.65 to 0.70 over the past two years.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Waste Management Inc
WM
0.00
Republic Services Inc
RSG
0.00

See also:

Waste Management Inc Debt to Capital (Quarterly Data)