Brunswick Corporation (BC)
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 | 1,975,700 | 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 stockholders’ equity | US$ in thousands | 2,087,400 | 2,085,800 | 2,101,400 | 2,062,500 | 2,042,300 | 2,001,000 | 2,004,600 | 1,979,900 | 1,914,200 | 1,849,700 | 1,769,500 | 1,642,600 | 1,510,000 | 1,458,200 | 1,364,400 | 1,303,700 | 1,300,900 | 1,418,200 | 1,537,300 | 1,526,900 |
| Debt-to-capital ratio | 0.49 | 0.49 | 0.54 | 0.54 | 0.54 | 0.55 | 0.55 | 0.56 | 0.48 | 0.49 | 0.32 | 0.35 | 0.38 | 0.41 | 0.44 | 0.45 | 0.45 | 0.43 | 0.45 | 0.45 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,975,700K ÷ ($1,975,700K + $2,087,400K)
= 0.49
The debt-to-capital ratio of Brunswick Corp. has been relatively stable, ranging from 0.54 to 0.56 over the past eight quarters. This ratio indicates that, on average, 54% to 56% of the company's capital structure is comprised of debt.
A stable debt-to-capital ratio suggests that Brunswick Corp. has been effectively managing its debt levels in relation to its overall capital structure. Consistency in this ratio can indicate that the company is maintaining a healthy balance between debt and equity financing.
However, given that the ratio has been hovering around the 0.55 mark, it may be worth monitoring for any potential increases or decreases in the future, as significant changes could signal shifts in the company's capital structure and financial leverage.
Peer comparison
Dec 31, 2023