Dow Balance Sheet Health
Financial Health criteria checks 2/6
Dow has a total shareholder equity of $19.1B and total debt of $17.2B, which brings its debt-to-equity ratio to 90.1%. Its total assets and total liabilities are $61.0B and $41.9B respectively. Dow's EBIT is $696.0M making its interest coverage ratio 1. It has cash and short-term investments of $5.1B.
Key information
90.10%
Debt to equity ratio
US$17.18b
Debt
| Interest coverage ratio | 1x |
| Cash | US$5.15b |
| Equity | US$19.06b |
| Total liabilities | US$41.93b |
| Total assets | US$60.99b |
Recent financial health updates
Is Dow (NYSE:DOW) Using Too Much Debt?
Jun 01
We Think Dow (NYSE:DOW) Is Taking Some Risk With Its Debt
Jan 29Recent updates
Dow: Play For A Recovery In Global Chemicals After The Stock Has Been Cut In Half
Oct 27Dow Inc.'s (NYSE:DOW) Low P/S No Reason For Excitement
Jun 25Is Dow (NYSE:DOW) Using Too Much Debt?
Jun 01Investors Can Find Comfort In Dow's (NYSE:DOW) Earnings Quality
May 08Dow Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
Apr 29Dow Moves To A Crisis Footing As Downside Risks Build (Rating Downgrade)
Apr 25Dow: Wait And See For The Cycle To Turn
Mar 20Dow Inc.'s (NYSE:DOW) P/E Is On The Mark
Mar 16Dow Is An Excessively Cheap Materials Stock (Technical Analysis)
Mar 13Investors Could Be Concerned With Dow's (NYSE:DOW) Returns On Capital
Mar 04Why Dow Inc. (NYSE:DOW) Could Be Worth Watching
Feb 20Tough Environment Offers A Cyclical Buying Opportunity For Dow
Feb 10Dow Inc. Just Missed Earnings - But Analysts Have Updated Their Models
Feb 08We Think Dow (NYSE:DOW) Is Taking Some Risk With Its Debt
Jan 29Dow: Don't Buy Yet
Jan 07Dow Is A Buy For The Very Patient
Dec 24Dow: A 6% Dividend Yield Opportunity As Materials Giant Remains Undervalued (Upgrade)
Dec 06Dow (NYSE:DOW) Has Some Difficulty Using Its Capital Effectively
Dec 03Dow: Portfolio Optimization Ahead, Buy Reiterated
Nov 22Dow: Stabilization And China Key To Q3 Earnings Results
Oct 21Dow: Valuation Remains Unattractive
Sep 13Dow: Continues To Successfully Adapt To Unfavorable Market Conditions
Jun 08Down On Dow: We Prefer Air Products And Chemicals
May 31Dow: Virtuous Growth Cycle Centered In North America
Apr 10Dow: Better Than Feared 2024 Estimates
Feb 16Financial Position Analysis
Short Term Liabilities: DOW's short term assets ($19.6B) exceed its short term liabilities ($10.1B).
Long Term Liabilities: DOW's short term assets ($19.6B) do not cover its long term liabilities ($31.8B).
Debt to Equity History and Analysis
Debt Level: DOW's net debt to equity ratio (63.1%) is considered high.
Reducing Debt: DOW's debt to equity ratio has reduced from 132.7% to 90.1% over the past 5 years.
Debt Coverage: DOW's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: DOW's interest payments on its debt are not well covered by EBIT (1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/21 11:38 |
| End of Day Share Price | 2025/11/21 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Dow Inc. is covered by 40 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| null null | Argus Research Company |
| Michael Leithead | Barclays |