Corteva (Corteva) Debt-to-Equity

: 0.10 (As of Dec. 2023)

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Corteva's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $198 Mil. Corteva's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,291 Mil. Corteva's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $25,037 Mil. Corteva's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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

CTVA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.11
Current: 0.1

During the past 8 years, the highest Debt-to-Equity Ratio of Corteva was 0.11. The lowest was 0.01. And the median was 0.05.

CTVA's Debt-to-Equity is ranked better than
77.73% of 220 companies
in the Agriculture industry
Industry Median: 0.335 vs CTVA: 0.10

Corteva Debt-to-Equity Historical Data

The historical data trend for Corteva'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.

Corteva Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.05

0.04

0.05

0.10

Corteva 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																0.05	0.20	0.20	0.23	0.10

Competitive Comparison

For the Agricultural Inputs subindustry, Corteva'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.

Corteva Debt-to-Equity Distribution

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

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

Corteva Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Corteva'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
	=	(198	+	2291)	/	25037
	=	0.10

Corteva'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
	=	(198	+	2291)	/	25037
	=	0.10

Corteva (NYSE:CTVA) 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.

Corteva Debt-to-Equity Related Terms

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Corteva (Corteva) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Corteva Inc (NYSE:CTVA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTVA:Mexico 2X0:Germany 2X0:Germany 2X0:Germany C1TV34:Brazil CTVA:Austria

Address

974 Centre Road, Wilmington, DE, USA, 19805

Website

https://www.corteva.com

Corteva is an agriculture pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop chemicals products. Seeds and crop protection chemicals each make up around half of profits. Although Corteva operates globally, around half of revenue comes from North America.

Executives

Samuel R Eathington	officer: SVP, Chief Technology Officer	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Robert D. King	officer: EVP, Crop Protection Business	C/O CORTEVA, INC., 9330 ZIONSVILLE ROAD, INDIANAPOLIS IN 46268
Timothy P Glenn	officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Fuerer Cornel B	director, officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
David J Anderson	officer: EVP, Chief Financial Officer	C/O HONEYWELL INTERNATIONAL INC, 101 COLUMBIA ROAD, MORRISTOWN NJ 09762
Charles V. Magro	director, officer: CEO	C/O CORTEVA, INC., 974 CENTRE ROAD, CRP 735, WILMINGTON DE 19805
Audrey Grimm	officer: See Remarks	C/O CORTEVA, INC., 9330 ZIONSVILLE ROAD, INDIANAPOLIS IN 46268
Klaus A Engel	director	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Meghan Cassidy	officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Brian Titus	officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Rajan Gajaria	officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Janet Plaut Giesselman	director	25435 HARVARD RD., BEACHWOOD OH 44122
Kerry J Preete	director	800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167
David C Everitt	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Karen H. Grimes	director	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034