Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
DuPont de Nemours Inc., solvency ratios (quarterly data)
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | DuPont de Nemours Inc. debt to equity ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | DuPont de Nemours Inc. debt to capital ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | DuPont de Nemours Inc. debt to assets ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | DuPont de Nemours Inc. financial leverage ratio increased from Q2 2019 to Q3 2019 but then slightly decreased from Q3 2019 to Q4 2019. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | DuPont de Nemours Inc. interest coverage ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Debt to Equity
DuPont de Nemours Inc., debt to equity calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term borrowings and finance lease obligations | 3,830) | 1,975) | 1,621) | 7,004) | 2,802) | 7,875) | 7,400) | 5,118) | 4,015) | 7,082) | 1,435) | 999) | 907) | 869) | 494) | 747) | 995) | 2,276) | 1,915) | 1,922) | ||||||
| Long-term debt, excluding due within one year | 13,617) | 15,610) | 15,608) | 34,966) | 37,662) | 27,293) | 26,850) | 29,343) | 30,056) | 29,819) | 20,072) | 20,471) | 20,456) | 20,423) | 20,852) | 16,229) | 16,215) | 17,462) | 17,833) | 17,867) | ||||||
| Total debt | 17,447) | 17,585) | 17,229) | 41,970) | 40,464) | 35,168) | 34,250) | 34,461) | 34,071) | 36,901) | 21,507) | 21,470) | 21,363) | 21,292) | 21,346) | 16,976) | 17,210) | 19,738) | 19,748) | 19,789) | ||||||
| Total DuPont’s stockholders’ equity | 40,987) | 41,344) | 42,006) | 92,444) | 94,571) | 98,090) | 98,262) | 101,260) | 100,330) | 102,946) | 28,421) | 27,060) | 25,987) | 29,035) | 28,936) | 25,599) | 25,374) | 24,333) | 23,612) | 22,237) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity1 | 0.43 | 0.43 | 0.41 | 0.45 | 0.43 | 0.36 | 0.35 | 0.34 | 0.34 | 0.36 | 0.76 | 0.79 | 0.82 | 0.73 | 0.74 | 0.66 | 0.68 | 0.81 | 0.84 | 0.89 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 0.28 | 0.27 | 0.28 | 0.28 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 2.11 | 2.21 | 2.52 | 2.84 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Debt to equity = Total debt ÷ Total DuPont’s stockholders’ equity
= 17,447 ÷ 40,987 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | DuPont de Nemours Inc. debt to equity ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Debt to Capital
DuPont de Nemours Inc., debt to capital calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term borrowings and finance lease obligations | 3,830) | 1,975) | 1,621) | 7,004) | 2,802) | 7,875) | 7,400) | 5,118) | 4,015) | 7,082) | 1,435) | 999) | 907) | 869) | 494) | 747) | 995) | 2,276) | 1,915) | 1,922) | ||||||
| Long-term debt, excluding due within one year | 13,617) | 15,610) | 15,608) | 34,966) | 37,662) | 27,293) | 26,850) | 29,343) | 30,056) | 29,819) | 20,072) | 20,471) | 20,456) | 20,423) | 20,852) | 16,229) | 16,215) | 17,462) | 17,833) | 17,867) | ||||||
| Total debt | 17,447) | 17,585) | 17,229) | 41,970) | 40,464) | 35,168) | 34,250) | 34,461) | 34,071) | 36,901) | 21,507) | 21,470) | 21,363) | 21,292) | 21,346) | 16,976) | 17,210) | 19,738) | 19,748) | 19,789) | ||||||
| Total DuPont’s stockholders’ equity | 40,987) | 41,344) | 42,006) | 92,444) | 94,571) | 98,090) | 98,262) | 101,260) | 100,330) | 102,946) | 28,421) | 27,060) | 25,987) | 29,035) | 28,936) | 25,599) | 25,374) | 24,333) | 23,612) | 22,237) | ||||||
| Total capital | 58,434) | 58,929) | 59,235) | 134,414) | 135,035) | 133,258) | 132,512) | 135,721) | 134,401) | 139,847) | 49,928) | 48,530) | 47,350) | 50,327) | 50,282) | 42,575) | 42,584) | 44,071) | 43,360) | 42,026) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital1 | 0.30 | 0.30 | 0.29 | 0.31 | 0.30 | 0.26 | 0.26 | 0.25 | 0.25 | 0.26 | 0.43 | 0.44 | 0.45 | 0.42 | 0.42 | 0.40 | 0.40 | 0.45 | 0.46 | 0.47 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 0.22 | 0.21 | 0.22 | 0.22 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 0.68 | 0.69 | 0.72 | 0.74 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 17,447 ÷ 58,434 = 0.30
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | DuPont de Nemours Inc. debt to capital ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Debt to Assets
DuPont de Nemours Inc., debt to assets calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term borrowings and finance lease obligations | 3,830) | 1,975) | 1,621) | 7,004) | 2,802) | 7,875) | 7,400) | 5,118) | 4,015) | 7,082) | 1,435) | 999) | 907) | 869) | 494) | 747) | 995) | 2,276) | 1,915) | 1,922) | ||||||
| Long-term debt, excluding due within one year | 13,617) | 15,610) | 15,608) | 34,966) | 37,662) | 27,293) | 26,850) | 29,343) | 30,056) | 29,819) | 20,072) | 20,471) | 20,456) | 20,423) | 20,852) | 16,229) | 16,215) | 17,462) | 17,833) | 17,867) | ||||||
| Total debt | 17,447) | 17,585) | 17,229) | 41,970) | 40,464) | 35,168) | 34,250) | 34,461) | 34,071) | 36,901) | 21,507) | 21,470) | 21,363) | 21,292) | 21,346) | 16,976) | 17,210) | 19,738) | 19,748) | 19,789) | ||||||
| Total assets | 69,396) | 70,119) | 70,843) | 189,785) | 188,030) | 184,453) | 187,367) | 192,441) | 192,164) | 198,527) | 82,247) | 80,828) | 79,511) | 80,624) | 81,524) | 68,440) | 68,026) | 69,884) | 69,334) | 67,789) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets1 | 0.25 | 0.25 | 0.24 | 0.22 | 0.22 | 0.19 | 0.18 | 0.18 | 0.18 | 0.19 | 0.26 | 0.27 | 0.27 | 0.26 | 0.26 | 0.25 | 0.25 | 0.28 | 0.28 | 0.29 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 0.16 | 0.16 | 0.16 | 0.15 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 0.42 | 0.43 | 0.45 | 0.47 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= 17,447 ÷ 69,396 = 0.25
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | DuPont de Nemours Inc. debt to assets ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Financial Leverage
DuPont de Nemours Inc., financial leverage calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Total assets | 69,396) | 70,119) | 70,843) | 189,785) | 188,030) | 184,453) | 187,367) | 192,441) | 192,164) | 198,527) | 82,247) | 80,828) | 79,511) | 80,624) | 81,524) | 68,440) | 68,026) | 69,884) | 69,334) | 67,789) | ||||||
| Total DuPont’s stockholders’ equity | 40,987) | 41,344) | 42,006) | 92,444) | 94,571) | 98,090) | 98,262) | 101,260) | 100,330) | 102,946) | 28,421) | 27,060) | 25,987) | 29,035) | 28,936) | 25,599) | 25,374) | 24,333) | 23,612) | 22,237) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Financial leverage1 | 1.69 | 1.70 | 1.69 | 2.05 | 1.99 | 1.88 | 1.91 | 1.90 | 1.92 | 1.93 | 2.89 | 2.99 | 3.06 | 2.78 | 2.82 | 2.67 | 2.68 | 2.87 | 2.94 | 3.05 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 1.76 | 1.72 | 1.72 | 1.79 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 4.97 | 5.19 | 5.65 | 6.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Financial leverage = Total assets ÷ Total DuPont’s stockholders’ equity
= 69,396 ÷ 40,987 = 1.69
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | DuPont de Nemours Inc. financial leverage ratio increased from Q2 2019 to Q3 2019 but then slightly decreased from Q3 2019 to Q4 2019. |
Interest Coverage
DuPont de Nemours Inc., interest coverage calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net income (loss) available for DuPont | 177) | 372) | (571) | 520) | 475) | 497) | 1,768) | 1,104) | (1,263) | 514) | 1,321) | 888) | 52) | 804) | 3,208) | 254) | 3,612) | 1,375) | 1,220) | 1,478) | ||||||
| Add: Net income attributable to noncontrolling interest | 12) | 5) | 34) | 51) | 38) | 38) | 35) | 44) | 47) | 20) | 38) | 27) | 32) | 14) | 19) | 21) | 19) | 61) | (23) | 41) | ||||||
| Less: Income (loss) from discontinued operations, net of tax | 643) | 5) | 566) | —) | —) | —) | —) | (5) | (57) | (20) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||
| Add: Income tax expense | (302) | 78) | 155) | 209) | 215) | 320) | 565) | 389) | (1,715) | 571) | 455) | 213) | (282) | 271) | 130) | (110) | 517) | 627) | 317) | 686) | ||||||
| Add: Interest expense | (128) | 177) | 165) | 454) | 432) | 362) | 360) | 350) | 354) | 283) | 226) | 219) | 229) | 220) | 208) | 201) | 240) | 233) | 232) | 241) | ||||||
| Earnings before interest and tax (EBIT) | (884) | 627) | (783) | 1,234) | 1,160) | 1,217) | 2,728) | 1,892) | (2,520) | 1,408) | 2,040) | 1,347) | 31) | 1,309) | 3,565) | 366) | 4,388) | 2,296) | 1,746) | 2,446) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Interest coverage1 | 0.29 | 1.82 | 2.00 | 3.94 | 4.65 | 2.33 | 2.60 | 2.32 | 2.10 | 5.04 | 5.29 | 7.14 | 6.14 | 11.08 | 12.04 | 9.71 | 11.50 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||
| Sherwin-Williams Co. | 6.67 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q4 2019 Calculation
Interest coverage
= (EBITQ4 2019
+ EBITQ3 2019
+ EBITQ2 2019
+ EBITQ1 2019)
÷ (Interest expenseQ4 2019
+ Interest expenseQ3 2019
+ Interest expenseQ2 2019
+ Interest expenseQ1 2019)
= (-884 + 627 + -783 + 1,234)
÷ (-128 + 177 + 165 + 454)
= 0.29
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | DuPont de Nemours Inc. interest coverage ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |