Dow (DOW) Debt-to-Equity

: 0.88 (As of Dec. 2023)

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Dow's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $508 Mil. Dow's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15,939 Mil. Dow's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $18,607 Mil. Dow's debt to equity for the quarter that ended in Dec. 2023 was 0.88.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Dow's Debt-to-Equity or its related term are showing as below:

DOW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.88 Max: 1.53
Current: 0.88

During the past 8 years, the highest Debt-to-Equity Ratio of Dow was 1.53. The lowest was 0.61. And the median was 0.88.

DOW's Debt-to-Equity is ranked worse than
81.43% of 1395 companies
in the Chemicals industry
Industry Median: 0.35 vs DOW: 0.88

Dow Debt-to-Equity Historical Data

The historical data trend for Dow's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dow Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.42

1.53

0.89

0.81

0.88

Dow Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.81	0.82	0.82	0.83	0.88

Competitive Comparison

For the Chemicals subindustry, Dow's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dow Debt-to-Equity Distribution

For the Chemicals industry and Basic Materials sector, Dow's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dow's Debt-to-Equity falls into.

Dow Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dow's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(508	+	15939)	/	18607
	=	0.88

Dow's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(508	+	15939)	/	18607
	=	0.88

Dow (NYSE:DOW) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Dow Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Dow's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Dow (DOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dow Inc (NYSE:DOW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1DOW:Italy 2OY:Germany 2OY:Germany 2OY:Germany 2OY:Germany D1OW34:Brazil DOW:Austria

Address

2211 H.H. Dow Way, Midland, MI, USA, 48674

Website

https://www.dow.com

Dow Chemical is a diversified global chemicals producer, formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.

Executives

Richard K Davis	director	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Jeffrey L. Tate	officer: Chief Financial Officer	2211 H.H. DOW WAY, MIDLAND MI 48674
Debra L. Dial	director	208 S. AKARD, 29TH FLOOR, DALLAS TX 75202
Lisa Bryant	officer: Chief Human Resources Officer	2211 H.H. DOW WAY, MIDLAND MI 48674
Howard I Ungerleider	officer: President and CFO	2211 H.H. DOW WAY, MIDLAND MI 48674
Jerri Devard	director	120 E 87TH STREET, #P6A, NEW YORK NY 10128
Jacqueline C. Hinman	director	9191 SOUTH JAMAICA STREET, ENGLEWOOD CO 80112
James R Fitterling	officer: Chief Executive Officer	2211 H.H. DOW WAY, MIDLAND MI 48674
Moreno Mejia Luis Alberto	director	C/O DOW INC., 2211 H.H. DOW WAY, MIDLAND MI 48674
John Maurice Sampson	officer: Senior Vice President	C/O DOW INC., 2211 H.H. DOW WAY, MIDLAND MI 48674
Peter Holicki	officer: Senior Vice President	2211 H.H. DOW WAY, MIDLAND MI 48674
Banister Gaurdie E. Jr.	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Diego Donoso	officer: President, Pkg & Spec Plastics	2211 H.H. DOW WAY, MIDLAND MI 48674
Jack Broodo	officer: President, Feedstocks & Energy	2211 H.H. DOW WAY, MIDLAND MI 48640
Jane Palmieri	officer: President, Ind Interm & Infras	2211 H.H. DOW WAY, MIDLAND MI 48674