Waste Management (BSP:W1MC34) Debt-to-Equity : 2.35 (As of Dec. 2023)

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What is Waste Management Debt-to-Equity?

Waste Management's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$1,637 Mil. Waste Management's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$77,882 Mil. Waste Management's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$33,823 Mil. Waste Management's debt to equity for the quarter that ended in Dec. 2023 was 2.35.

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 Waste Management's Debt-to-Equity or its related term are showing as below:

BSP:W1MC34' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.58 Med: 1.81 Max: 2.35
Current: 2.35

During the past 13 years, the highest Debt-to-Equity Ratio of Waste Management was 2.35. The lowest was 1.58. And the median was 1.81.

BSP:W1MC34's Debt-to-Equity is ranked worse than
95.09% of 224 companies
in the Waste Management industry
Industry Median: 0.685 vs BSP:W1MC34: 2.35

Waste Management Debt-to-Equity Historical Data

The historical data trend for Waste Management'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.

Waste Management Debt-to-Equity Chart

Waste Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.91

1.85

1.88

2.19

2.35

Waste Management 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	Get a 7-Day Free Trial															2.19	2.26	2.22	2.22	2.35

Competitive Comparison of Waste Management's Debt-to-Equity

For the Waste Management subindustry, Waste Management'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.

Waste Management's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Waste Management's Debt-to-Equity distribution charts can be found below:

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

Waste Management Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Waste Management'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
	=	(1636.533	+	77882.321)	/	33823.319
	=	2.35

Waste Management'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
	=	(1636.533	+	77882.321)	/	33823.319
	=	2.35

Waste Management (BSP:W1MC34) 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.

Waste Management Debt-to-Equity Related Terms

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

Waste Management (BSP:W1MC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Waste Management Inc (BSP:W1MC34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WM:USA WMI:Mexico 1WM:Italy UWS:Germany WM:Austria

Address

800 Capitol Street, Suite 3000, Houston, TX, USA, 77002

Website

https://www.wm.com

WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 259 active landfills and about 337 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.

Waste Management (BSP:W1MC34) Headlines

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