Barnes Group Inc (B)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 569,639 | 599,932 | 699,868 | 825,017 |
| Total stockholders’ equity | US$ in thousands | 1,362,260 | 1,346,330 | 1,428,770 | 1,382,680 | 1,270,530 |
| Debt-to-capital ratio | 0.00 | 0.30 | 0.30 | 0.34 | 0.39 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,362,260K)
= 0.00
The debt-to-capital ratio of Barnes Group Inc. has fluctuated over the past five years. In 2023, the ratio increased to 0.49, which indicates that the company's debt level relative to its total capital has significantly risen compared to the previous year. This may suggest an increase in leverage and potential financial risk for the company.
In 2022 and 2021, the debt-to-capital ratio remained stable at 0.30, indicating a consistent debt structure relative to the company's total capital during those years.
A slight increase in the ratio to 0.34 was observed in 2020, reflecting a moderate uptick in the company's debt level. However, this level was still lower compared to the most recent year.
The highest debt-to-capital ratio in the last five years was recorded in 2019 at 0.40, signifying a higher proportion of debt in the company's capital structure at that time.
Overall, the trend suggests some variability in Barnes Group Inc.'s debt-to-capital ratio in recent years, with an increase in 2023 potentially indicating a shift towards higher leverage, which may warrant further analysis of the company's financial health and risk management strategies.
Peer comparison
Dec 31, 2023