Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

Debt to Equity
since 2005

Beginner level

Calculation
Comparison to Competitors
Comparison to Sector (Chemicals)

Calculation

Sherwin-Williams Co., debt to equity, long-term trends, calculation

	Debt to equity	=	Total debt¹	÷	Shareholders’ equity¹
Dec 31, 2020	2.30	=	8,292,100	÷	3,610,800
Dec 31, 2019	2.11	=	8,685,200	÷	4,123,300
Dec 31, 2018	2.50	=	9,343,651	÷	3,730,745
Dec 31, 2017	2.85	=	10,520,655	÷	3,692,188
Dec 31, 2016	1.04	=	1,952,540	÷	1,878,441
Dec 31, 2015	2.26	=	1,962,812	÷	867,910
Dec 31, 2014	1.81	=	1,805,416	÷	996,470
Dec 31, 2013	0.97	=	1,721,872	÷	1,774,535
Dec 31, 2012	0.95	=	1,704,889	÷	1,791,804
Dec 31, 2011	0.65	=	993,367	÷	1,516,919
Dec 31, 2010	0.65	=	1,044,793	÷	1,609,440
Dec 31, 2009	0.55	=	817,611	÷	1,490,950
Dec 31, 2008	0.52	=	833,735	÷	1,605,648
Dec 31, 2007	0.54	=	965,448	÷	1,785,727
Dec 31, 2006	0.44	=	874,507	÷	1,992,360
Dec 31, 2005	0.36	=	621,170	÷	1,730,612

Based on: 10-K (filing date: 2021-02-19), 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25), 10-K (filing date: 2014-02-27), 10-K (filing date: 2013-02-28), 10-K (filing date: 2012-02-23), 10-K (filing date: 2011-02-23), 10-K (filing date: 2010-02-24), 10-K (filing date: 2009-02-24), 10-K (filing date: 2008-02-28), 10-K (filing date: 2007-02-28), 10-K (filing date: 2006-03-07).

¹ US$ in thousands

Comparison to Competitors

Sherwin-Williams Co., debt to equity, long-term trends, comparison to competitors

	Sherwin-Williams Co.	Air Products & Chemicals Inc.	Ecolab Inc.	Linde plc
Dec 31, 2020	2.30	0.65	1.08	0.34
Dec 31, 2019	2.11	0.30	0.73	0.28
Dec 31, 2018	2.50	0.35	0.88	0.30
Dec 31, 2017	2.85	0.39	0.96	1.50
Dec 31, 2016	1.04	0.88	0.97	1.90
Dec 31, 2015	2.26	0.81	0.94	2.10
Dec 31, 2014	1.81	0.83	0.90	1.65
Dec 31, 2013	0.97	0.89	0.94	1.33
Dec 31, 2012	0.95	0.82	1.08	1.21
Dec 31, 2011	0.65	0.79	1.35	1.20
Dec 31, 2010	0.65	0.74	0.40	0.96
Dec 31, 2009	0.55	0.94	0.48	0.95
Dec 31, 2008	0.52	0.79	0.72	1.25
Dec 31, 2007	0.54	0.67	0.52	0.82
Dec 31, 2006	0.44	0.58	0.63	0.70
Dec 31, 2005	0.36	0.55	0.45	0.88

Based on: 10-K (filing date: 2021-02-19), 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25), 10-K (filing date: 2014-02-27), 10-K (filing date: 2013-02-28), 10-K (filing date: 2012-02-23), 10-K (filing date: 2011-02-23), 10-K (filing date: 2010-02-24), 10-K (filing date: 2009-02-24), 10-K (filing date: 2008-02-28), 10-K (filing date: 2007-02-28), 10-K (filing date: 2006-03-07).

Comparison to Sector (Chemicals)

Sherwin-Williams Co., debt to equity, long-term trends, comparison to sector (chemicals)

	Sherwin-Williams Co.	Chemicals
Dec 31, 2020	2.30	0.56
Dec 31, 2019	2.11	0.44
Dec 31, 2018	2.50	0.48
Dec 31, 2017	2.85	1.12
Dec 31, 2016	1.04	1.17
Dec 31, 2015	2.26	1.21
Dec 31, 2014	1.81	1.12
Dec 31, 2013	0.97	1.04
Dec 31, 2012	0.95	1.02
Dec 31, 2011	0.65	1.07
Dec 31, 2010	0.65	0.77
Dec 31, 2009	0.55	0.83
Dec 31, 2008	0.52	0.90
Dec 31, 2007	0.54	0.69
Dec 31, 2006	0.44	0.61
Dec 31, 2005	0.36	0.62

Based on: 10-K (filing date: 2021-02-19), 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25), 10-K (filing date: 2014-02-27), 10-K (filing date: 2013-02-28), 10-K (filing date: 2012-02-23), 10-K (filing date: 2011-02-23), 10-K (filing date: 2010-02-24), 10-K (filing date: 2009-02-24), 10-K (filing date: 2008-02-28), 10-K (filing date: 2007-02-28), 10-K (filing date: 2006-03-07).