Stock Analysis on Net

Waste Management Inc. (NYSE:WM)

This company has been moved to the archive! The financial data has not been updated since February 15, 2022.

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.


Solvency Ratios (Summary)

Waste Management Inc., solvency ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Debt Ratios
Debt to equity 1.88 1.82 1.80 1.82 1.85 1.46 1.86 1.99 1.91 1.97 1.97 1.62 1.60 1.61 1.62 1.65 1.58 1.77 1.65 1.64
Debt to capital 0.65 0.65 0.64 0.64 0.65 0.59 0.65 0.67 0.66 0.66 0.66 0.62 0.62 0.62 0.62 0.62 0.61 0.64 0.62 0.62
Debt to assets 0.46 0.45 0.46 0.46 0.47 0.42 0.48 0.49 0.49 0.49 0.49 0.44 0.44 0.44 0.44 0.45 0.43 0.45 0.43 0.44
Financial leverage 4.08 4.02 3.95 3.91 3.94 3.46 3.86 4.03 3.93 4.00 4.02 3.64 3.61 3.62 3.64 3.66 3.63 3.97 3.80 3.74

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Waste Management Inc. debt to equity ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Waste Management Inc. debt to capital ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Waste Management Inc. debt to assets ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Waste Management Inc. financial leverage ratio increased from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

Debt to Equity

Waste Management Inc., debt to equity calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Current portion of long-term debt 708 601 361 244 551 167 3,190 387 218 211 116 1,043 432 447 828 1,056 739 850 390 396
Long-term debt, less current portion 12,697 12,446 12,883 13,244 13,259 10,255 9,598 13,065 13,280 13,147 12,623 9,323 9,594 9,569 8,968 8,901 8,752 8,495 8,667 8,646
Total debt 13,405 13,047 13,244 13,488 13,810 10,422 12,788 13,452 13,498 13,358 12,739 10,366 10,026 10,016 9,796 9,957 9,491 9,345 9,057 9,042
 
Total Waste Management, Inc. stockholders’ equity 7,124 7,172 7,352 7,427 7,452 7,155 6,891 6,743 7,068 6,785 6,466 6,415 6,275 6,239 6,054 6,044 6,019 5,278 5,486 5,517
Solvency Ratio
Debt to equity1 1.88 1.82 1.80 1.82 1.85 1.46 1.86 1.99 1.91 1.97 1.97 1.62 1.60 1.61 1.62 1.65 1.58 1.77 1.65 1.64

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 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).

1 Q4 2021 Calculation
Debt to equity = Total debt ÷ Total Waste Management, Inc. stockholders’ equity
= 13,405 ÷ 7,124 = 1.88

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Waste Management Inc. debt to equity ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

Debt to Capital

Waste Management Inc., debt to capital calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Current portion of long-term debt 708 601 361 244 551 167 3,190 387 218 211 116 1,043 432 447 828 1,056 739 850 390 396
Long-term debt, less current portion 12,697 12,446 12,883 13,244 13,259 10,255 9,598 13,065 13,280 13,147 12,623 9,323 9,594 9,569 8,968 8,901 8,752 8,495 8,667 8,646
Total debt 13,405 13,047 13,244 13,488 13,810 10,422 12,788 13,452 13,498 13,358 12,739 10,366 10,026 10,016 9,796 9,957 9,491 9,345 9,057 9,042
Total Waste Management, Inc. stockholders’ equity 7,124 7,172 7,352 7,427 7,452 7,155 6,891 6,743 7,068 6,785 6,466 6,415 6,275 6,239 6,054 6,044 6,019 5,278 5,486 5,517
Total capital 20,529 20,219 20,596 20,915 21,262 17,577 19,679 20,195 20,566 20,143 19,205 16,781 16,301 16,255 15,850 16,001 15,510 14,623 14,543 14,559
Solvency Ratio
Debt to capital1 0.65 0.65 0.64 0.64 0.65 0.59 0.65 0.67 0.66 0.66 0.66 0.62 0.62 0.62 0.62 0.62 0.61 0.64 0.62 0.62

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 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).

1 Q4 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 13,405 ÷ 20,529 = 0.65

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Waste Management Inc. debt to capital ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

Debt to Assets

Waste Management Inc., debt to assets calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Current portion of long-term debt 708 601 361 244 551 167 3,190 387 218 211 116 1,043 432 447 828 1,056 739 850 390 396
Long-term debt, less current portion 12,697 12,446 12,883 13,244 13,259 10,255 9,598 13,065 13,280 13,147 12,623 9,323 9,594 9,569 8,968 8,901 8,752 8,495 8,667 8,646
Total debt 13,405 13,047 13,244 13,488 13,810 10,422 12,788 13,452 13,498 13,358 12,739 10,366 10,026 10,016 9,796 9,957 9,491 9,345 9,057 9,042
 
Total assets 29,097 28,841 29,037 29,070 29,345 24,772 26,619 27,178 27,743 27,109 25,986 23,373 22,650 22,591 22,014 22,106 21,829 20,949 20,839 20,650
Solvency Ratio
Debt to assets1 0.46 0.45 0.46 0.46 0.47 0.42 0.48 0.49 0.49 0.49 0.49 0.44 0.44 0.44 0.44 0.45 0.43 0.45 0.43 0.44

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 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).

1 Q4 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 13,405 ÷ 29,097 = 0.46

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Waste Management Inc. debt to assets ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021.

Financial Leverage

Waste Management Inc., financial leverage calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Total assets 29,097 28,841 29,037 29,070 29,345 24,772 26,619 27,178 27,743 27,109 25,986 23,373 22,650 22,591 22,014 22,106 21,829 20,949 20,839 20,650
Total Waste Management, Inc. stockholders’ equity 7,124 7,172 7,352 7,427 7,452 7,155 6,891 6,743 7,068 6,785 6,466 6,415 6,275 6,239 6,054 6,044 6,019 5,278 5,486 5,517
Solvency Ratio
Financial leverage1 4.08 4.02 3.95 3.91 3.94 3.46 3.86 4.03 3.93 4.00 4.02 3.64 3.61 3.62 3.64 3.66 3.63 3.97 3.80 3.74

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 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).

1 Q4 2021 Calculation
Financial leverage = Total assets ÷ Total Waste Management, Inc. stockholders’ equity
= 29,097 ÷ 7,124 = 4.08

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Waste Management Inc. financial leverage ratio increased from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.