Barnes Group Inc (B)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,362,260 | 1,337,050 | 1,376,990 | 1,380,550 | 1,346,330 | 1,267,060 | 1,320,090 | 1,441,030 | 1,428,770 | 1,393,230 | 1,390,390 | 1,351,370 | 1,382,680 | 1,307,660 | 1,257,710 | 1,244,960 | 1,270,530 | 1,210,700 | 1,211,380 | 1,224,500 |
| Debt-to-capital ratio | 0.00 | 0.49 | 0.29 | 0.29 | 0.30 | 0.31 | 0.31 | 0.29 | 0.30 | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.39 | 0.39 | 0.41 | 0.42 | 0.42 |
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 eight quarters, ranging from 0.29 to 0.50. In Q4 2023, the ratio was 0.49, indicating that approximately 49% of the company's capital structure was funded by debt. This represented a slight decrease from the previous quarter, where the ratio was 0.50.
The trend in the debt-to-capital ratio suggests that Barnes Group Inc. has been managing its debt levels effectively, with the ratio remaining relatively stable around the 0.30 range for the majority of the quarters. A lower ratio typically indicates a lower level of financial risk, as it implies that a smaller proportion of the company's capital is reliant on debt financing.
However, the slight increase in the ratio in Q4 2023 to 0.49 could indicate a potential shift towards a slightly higher reliance on debt to fund the company's operations or growth initiatives. Further analysis of the company's overall financial health and debt management strategies would be needed to fully assess the implications of this change in the debt-to-capital ratio.
Peer comparison
Dec 31, 2023