Barnes Group Inc (B)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 1,307,850 | 564,930 | 563,943 | 569,639 | 556,354 | 582,537 | 594,976 | 599,932 | 628,689 | 654,483 | 664,015 | 699,868 | 701,413 | 711,357 | 783,424 | 825,017 | 856,082 | 889,087 | 877,540 |
| Total assets | US$ in thousands | 3,308,010 | 3,277,330 | 2,440,680 | 2,444,370 | 2,413,700 | 2,311,050 | 2,401,100 | 2,555,360 | 2,576,800 | 2,586,590 | 2,626,870 | 2,600,260 | 2,676,200 | 2,610,120 | 2,588,500 | 2,667,600 | 2,738,300 | 2,707,910 | 2,795,240 | 2,799,680 |
| Debt-to-assets ratio | 0.00 | 0.40 | 0.23 | 0.23 | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 0.24 | 0.25 | 0.26 | 0.26 | 0.27 | 0.27 | 0.29 | 0.30 | 0.32 | 0.32 | 0.31 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,308,010K
= 0.00
The debt-to-assets ratio of Barnes Group Inc. has shown some fluctuations over the past 8 quarters. In Q4 2023, the ratio was at 0.39, slightly lower compared to Q3 2023 when it was at 0.40. This indicates that Barnes Group Inc. utilized debt to finance approximately 39% of its total assets in Q4 2023.
Comparing the most recent ratio to the same quarter in the previous year, there has been a slight increase from 0.24 in Q4 2022 to 0.39 in Q4 2023, potentially signaling a higher reliance on debt to support its asset base.
Overall, the trend in the debt-to-assets ratio for Barnes Group Inc. has shown some variability over the past two years, with the company maintaining a moderate level of debt relative to its total assets. It is important for stakeholders to continue monitoring this ratio to assess the company's risk exposure and financial leverage.
Peer comparison
Dec 31, 2023