Debt to Equity
since 2005
Calculation
DuPont de Nemours Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Total DuPont stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2019 | 0.43 | = | 17,447) | ÷ | 40,987) |
| Dec 31, 2018 | 0.43 | = | 40,464) | ÷ | 94,571) |
| Dec 31, 2017 | 0.34 | = | 34,071) | ÷ | 100,330) |
| Dec 31, 2016 | 0.82 | = | 21,363) | ÷ | 25,987) |
| Dec 31, 2015 | 0.68 | = | 17,210) | ÷ | 25,374) |
| Dec 31, 2014 | 0.88 | = | 19,783) | ÷ | 22,423) |
| Dec 31, 2013 | 0.67 | = | 17,960) | ÷ | 26,898) |
| Dec 31, 2012 | 1.01 | = | 20,987) | ÷ | 20,877) |
| Dec 31, 2011 | 0.97 | = | 21,600) | ÷ | 22,281) |
| Dec 31, 2010 | 1.09 | = | 23,827) | ÷ | 21,839) |
| Dec 31, 2009 | 1.09 | = | 22,373) | ÷ | 20,555) |
| Dec 31, 2008 | 0.88 | = | 11,856) | ÷ | 13,511) |
| Dec 31, 2007 | 0.50 | = | 9,715) | ÷ | 19,389) |
| Dec 31, 2006 | 0.56 | = | 9,546) | ÷ | 17,065) |
| Dec 31, 2005 | 0.70 | = | 10,706) | ÷ | 15,324) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The analysis of the annual financial data reveals significant fluctuations in both total debt and stockholders’ equity over the observed period. Total debt exhibits a notable upward trend from 2005 through 2010, peaking in 2010 at approximately 23,827 million USD. Following this peak, total debt experiences some variation but remains relatively elevated, reaching a maximum of 40,464 million USD in 2018 before sharply declining in the subsequent year to 17,447 million USD.
Stockholders’ equity shows an overall increasing trend with fluctuations. From 2005 to 2007, equity increases steadily from 15,324 million USD to 19,389 million USD. However, a sharp decline occurs in 2008 to 13,511 million USD. After this dip, equity generally rises, peaking substantially in 2017 at over 100,330 million USD. The next two years see a slight decrease, but equity remains significantly higher than in earlier years, dropping to 40,987 million USD by the end of 2019.
The debt to equity ratio reflects these trends, displaying considerable volatility. Initially, the ratio declines from 0.7 in 2005 to a low of 0.5 in 2007, indicating a strengthening equity position relative to debt. However, it rises substantially to 1.09 in 2009 and 2010, corresponding with increased debt levels and a decrease in equity in 2008. The ratio then fluctuates moderately, dropping to a low of 0.34 in 2017, aligning with the peak in equity and relatively lower debt levels. In the final years analyzed, specifically 2018 and 2019, the ratio stabilizes around 0.43, suggesting a more balanced leverage position compared to earlier peaks.
Overall, the data points to periods of increased leveraging, notably around 2009-2010 and 2018, with a return to more conservative gearing by 2019. The substantial growth in equity in 2017 likely reflects significant corporate activities or capital adjustments, which contributed to a more favorable debt to equity position subsequently. The patterns suggest active management of capital structure in response to economic conditions or strategic objectives during the period analyzed.
- Total Debt
- Marked increase from 2005 to 2010, peaking in 2010, followed by variable high levels and a sharp decrease by 2019.
- Stockholders' Equity
- Gradual rise until 2007, a sharp drop in 2008, strong growth peaking in 2017, then a decline by 2019 but still elevated compared to early years.
- Debt to Equity Ratio
- Initial decline until 2007, sharp increase to over 1.0 in 2009-2010, decline to lowest ratio in 2017, then stabilization around 0.4 thereafter.
Comparison to Competitors
DuPont de Nemours Inc., debt to equity, long-term trends, comparison to competitors
| DuPont de Nemours Inc. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2019 | 0.43 | 0.28 | 2.11 |
| Dec 31, 2018 | 0.43 | 0.30 | 2.50 |
| Dec 31, 2017 | 0.34 | 1.50 | 2.85 |
| Dec 31, 2016 | 0.82 | 1.90 | 1.04 |
| Dec 31, 2015 | 0.68 | 2.10 | 2.26 |
| Dec 31, 2014 | 0.88 | 1.65 | 1.81 |
| Dec 31, 2013 | 0.67 | 1.33 | 0.97 |
| Dec 31, 2012 | 1.01 | 1.21 | 0.95 |
| Dec 31, 2011 | 0.97 | 1.20 | 0.65 |
| Dec 31, 2010 | 1.09 | 0.96 | 0.65 |
| Dec 31, 2009 | 1.09 | 0.95 | 0.55 |
| Dec 31, 2008 | 0.88 | 1.25 | 0.52 |
| Dec 31, 2007 | 0.50 | 0.82 | 0.54 |
| Dec 31, 2006 | 0.56 | 0.70 | 0.44 |
| Dec 31, 2005 | 0.70 | 0.88 | 0.36 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Chemicals)
DuPont de Nemours Inc., debt to equity, long-term trends, comparison to sector (chemicals)
| DuPont de Nemours Inc. | Chemicals | |
|---|---|---|
| Dec 31, 2019 | 0.43 | 0.43 |
| Dec 31, 2018 | 0.43 | 0.45 |
| Dec 31, 2017 | 0.34 | 2.01 |
| Dec 31, 2016 | 0.82 | 1.66 |
| Dec 31, 2015 | 0.68 | 2.13 |
| Dec 31, 2014 | 0.88 | 1.67 |
| Dec 31, 2013 | 0.67 | 1.26 |
| Dec 31, 2012 | 1.01 | 1.15 |
| Dec 31, 2011 | 0.97 | 1.08 |
| Dec 31, 2010 | 1.09 | 0.89 |
| Dec 31, 2009 | 1.09 | 0.86 |
| Dec 31, 2008 | 0.88 | 1.04 |
| Dec 31, 2007 | 0.50 | 0.74 |
| Dec 31, 2006 | 0.56 | 0.62 |
| Dec 31, 2005 | 0.70 | 0.72 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
DuPont de Nemours Inc., debt to equity, long-term trends, comparison to industry (materials)
| DuPont de Nemours Inc. | Materials | |
|---|---|---|
| Dec 31, 2019 | 0.43 | 0.52 |
| Dec 31, 2018 | 0.43 | 0.55 |
| Dec 31, 2017 | 0.34 | 1.85 |
| Dec 31, 2016 | 0.82 | 2.12 |
| Dec 31, 2015 | 0.68 | 2.42 |
| Dec 31, 2014 | 0.88 | 1.21 |
| Dec 31, 2013 | 0.67 | 1.07 |
| Dec 31, 2012 | 1.01 | 0.50 |
| Dec 31, 2011 | 0.97 | 0.49 |
| Dec 31, 2010 | 1.09 | 0.57 |
| Dec 31, 2009 | 1.09 | 0.77 |
| Dec 31, 2008 | 0.88 | 1.16 |
| Dec 31, 2007 | 0.50 | 0.49 |
| Dec 31, 2006 | 0.56 | 0.53 |
| Dec 31, 2005 | 0.70 | 0.71 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).