Brunswick Corporation (BC)
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 | 1,975,700 | 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-equity ratio | 0.95 | 0.95 | 1.15 | 1.17 | 1.18 | 1.21 | 1.25 | 1.26 | 0.93 | 0.97 | 0.47 | 0.55 | 0.60 | 0.69 | 0.78 | 0.82 | 0.82 | 0.76 | 0.81 | 0.82 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,975,700K ÷ $2,087,400K
= 0.95
The debt-to-equity ratio of Brunswick Corp. has been consistently increasing over the past eight quarters, starting at 1.16 in Q4 2022 and reaching 1.26 in Q1 2022. This indicates a trend of the company relying more on debt compared to equity to finance its operations and growth.
A higher debt-to-equity ratio can suggest that the company is taking on more debt relative to its equity, which may lead to higher financial risk and potential concerns about its ability to service its debt obligations. It can also indicate that the company may be leveraged more aggressively to fund expansion or acquisitions.
Investors and analysts typically monitor changes in the debt-to-equity ratio to assess the company's financial health and risk profile. It would be important to further investigate the reasons behind the increasing trend in Brunswick Corp.'s debt-to-equity ratio and assess the potential implications for its financial stability and performance in the future.
Peer comparison
Dec 31, 2023