Barnes Group Inc (B)
Debt-to-equity 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-equity ratio | 0.00 | 0.98 | 0.41 | 0.41 | 0.42 | 0.44 | 0.44 | 0.41 | 0.42 | 0.45 | 0.47 | 0.49 | 0.51 | 0.54 | 0.57 | 0.63 | 0.65 | 0.71 | 0.73 | 0.72 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,362,260K
= 0.00
The debt-to-equity ratio of Barnes Group Inc. has shown some fluctuations over the past eight quarters, ranging from 0.41 to 0.98. In Q4 2023, the ratio was 0.95, indicating that the company had a higher level of debt relative to its equity. This was a slight decrease from the previous quarter, where the ratio was 0.98.
It is noteworthy that in Q2 and Q3 2023, the company experienced a significant decrease in its debt-to-equity ratio, dropping to 0.42 and 0.44, respectively. This suggests that Barnes Group Inc. reduced its debt levels or increased its equity during that period.
Overall, the trend in the debt-to-equity ratio for Barnes Group Inc. has been relatively stable around the 0.4 to 0.5 range for the past year. However, the recent increase in the ratio in Q4 2023 indicates a potential shift towards higher debt levels compared to equity. Monitoring this ratio closely will be important to assess the company's leverage and financial risk positions in the future.
Peer comparison
Dec 31, 2023