Wolverine World Wide Inc (WWW)
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 | 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 stockholders’ equity | US$ in thousands | 278,600 | 342,400 | 346,800 | 326,600 | 320,600 | 656,900 | 643,900 | 596,700 | 629,600 | 626,700 | 633,200 | 609,100 | 561,400 | 754,100 | 724,000 | 725,600 | 766,700 | 782,900 | 843,700 | 911,400 |
| Debt-to-capital ratio | 0.68 | 0.68 | 0.67 | 0.69 | 0.69 | 0.52 | 0.53 | 0.55 | 0.54 | 0.53 | 0.53 | 0.54 | 0.56 | 0.49 | 0.50 | 0.37 | 0.36 | 0.35 | 0.34 | 0.32 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $605,800K ÷ ($605,800K + $278,600K)
= 0.68
The debt-to-capital ratio of Wolverine World Wide Inc has shown some fluctuation over the past several quarters. Based on the data provided, the ratio has ranged from 0.32 to 0.69 over the last five years.
In the most recent quarter, as of December 31, 2023, the debt-to-capital ratio was 0.68. This indicates that debt accounts for approximately 68% of the company's capital structure, while equity comprises the remaining 32%. This level of leverage suggests that the company relies moderately on debt financing to support its operations and growth initiatives.
It is noteworthy that the debt-to-capital ratio has generally been within the range of 0.50 to 0.70 in the recent quarters, with a slight uptrend in the most recent periods. This may indicate that Wolverine World Wide Inc has been gradually increasing its debt levels relative to its capital base.
Overall, while the company's debt-to-capital ratio has shown some variability, it remains within a reasonable range, suggesting a balanced approach to capital structure management. Investors and stakeholders may continue to monitor future changes in this ratio to assess Wolverine World Wide Inc's financial health and risk profile.
Peer comparison
Dec 31, 2023