Brunswick Corporation (BC)
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 | 1,975,700 | 1,975,700 | 2,422,000 | 2,420,500 | 2,420,000 | 2,419,100 | 2,499,000 | 2,498,200 | 1,779,000 | 1,787,700 | 832,000 | 900,900 | 908,300 | 1,013,200 | 1,060,400 | 1,069,000 | 1,068,000 | 1,083,000 | 1,240,100 | 1,245,600 |
| Total assets | US$ in thousands | 6,230,500 | 6,100,900 | 6,290,100 | 6,288,600 | 6,321,300 | 6,124,900 | 6,166,500 | 6,093,000 | 5,425,000 | 5,180,600 | 4,138,500 | 3,943,200 | 3,770,600 | 3,690,800 | 3,739,100 | 3,904,600 | 3,564,400 | 3,654,400 | 4,040,800 | 4,334,900 |
| Debt-to-assets ratio | 0.32 | 0.32 | 0.39 | 0.38 | 0.38 | 0.39 | 0.41 | 0.41 | 0.33 | 0.35 | 0.20 | 0.23 | 0.24 | 0.27 | 0.28 | 0.27 | 0.30 | 0.30 | 0.31 | 0.29 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,975,700K ÷ $6,230,500K
= 0.32
Based on the data provided, Brunswick Corp.'s debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.39 to 0.41. The trend indicates that the company has maintained a healthy balance between its debt and assets during this period.
A debt-to-assets ratio of 0.39 to 0.41 suggests that approximately 39% to 41% of Brunswick Corp.'s assets are financed by debt. This indicates that the company relies more on equity financing rather than debt to fund its operations and investments.
Overall, the consistency of Brunswick Corp.'s debt-to-assets ratio around the 0.40 range demonstrates a prudent financial management strategy, indicating a moderate level of leverage and a solid asset base to support its operations. It also suggests a stable financial position and a lower risk of financial distress due to excessive debt.
Peer comparison
Dec 31, 2023