Wolverine World Wide Inc (WWW)
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 | 605,800 | 716,300 | 718,500 | 720,800 | 723,000 | 725,200 | 727,400 | 729,600 | 731,800 | 704,400 | 708,400 | 710,400 | 712,500 | 714,100 | 715,900 | 423,600 | 425,900 | 430,700 | 433,000 | 435,300 |
| Total assets | US$ in thousands | 2,062,800 | 2,231,300 | 2,357,300 | 2,416,700 | 2,492,700 | 3,170,600 | 2,949,000 | 2,746,000 | 2,586,400 | 2,681,400 | 2,303,600 | 2,267,300 | 2,137,400 | 2,501,100 | 2,589,400 | 2,753,700 | 2,480,000 | 2,468,500 | 2,442,900 | 2,351,300 |
| Debt-to-assets ratio | 0.29 | 0.32 | 0.30 | 0.30 | 0.29 | 0.23 | 0.25 | 0.27 | 0.28 | 0.26 | 0.31 | 0.31 | 0.33 | 0.29 | 0.28 | 0.15 | 0.17 | 0.17 | 0.18 | 0.19 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $605,800K ÷ $2,062,800K
= 0.29
The debt-to-assets ratio for Wolverine World Wide Inc has shown some fluctuation over the past few years, ranging from 0.15 to 0.33. The ratio indicates the proportion of the company's assets that are financed by debt, with higher ratios suggesting higher levels of debt relative to assets.
In the most recent quarter, the ratio was 0.29, which means that approximately 29% of the company's assets are financed through debt. The relatively stable ratios around 0.30 for the past few quarters suggest that Wolverine World Wide Inc has maintained a consistent balance between debt and assets.
However, it is worth noting that the ratio has been higher in some quarters, such as in Q1 2021 and Q4 2020, when it reached 0.33 and 0.31, respectively. This indicates that the company may have taken on more debt during those periods to finance its operations or investments.
Overall, a debt-to-assets ratio of around 0.30 indicates that Wolverine World Wide Inc has a moderate level of debt relative to its assets, which may be manageable depending on the company's cash flow and ability to service its debt obligations.
Peer comparison
Dec 31, 2023