Balchem Corporation (BCPC)
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 | 326,146 | 395,926 | 420,908 | 460,660 | 440,569 | 477,442 | 448,853 | 143,674 | 122,281 | 122,080 | 136,265 | 165,914 | 174,086 | 203,373 | 227,508 | 262,247 | 256,396 | 227,169 | 237,008 | 147,699 |
| Total assets | US$ in thousands | 1,597,210 | 1,603,480 | 1,619,230 | 1,628,760 | 1,624,510 | 1,633,010 | 1,606,670 | 1,194,910 | 1,199,320 | 1,179,350 | 1,173,610 | 1,169,220 | 1,165,840 | 1,161,340 | 1,151,260 | 1,162,110 | 1,155,680 | 1,096,630 | 1,098,320 | 971,888 |
| Debt-to-assets ratio | 0.20 | 0.25 | 0.26 | 0.28 | 0.27 | 0.29 | 0.28 | 0.12 | 0.10 | 0.10 | 0.12 | 0.14 | 0.15 | 0.18 | 0.20 | 0.23 | 0.22 | 0.21 | 0.22 | 0.15 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $326,146K ÷ $1,597,210K
= 0.20
The debt-to-assets ratio of Balchem Corp. has fluctuated over the past eight quarters, ranging from 0.11 to 0.28.
In the most recent quarter, Q4 2023, the ratio decreased to 0.20, indicating that the company had less debt relative to its total assets compared to the previous quarter. This could suggest improved financial health and reduced risk associated with debt obligations.
Looking back further, the ratio has generally been on a downward trend since Q3 2022, when it reached a peak of 0.28. This downward trend indicates that Balchem Corp. has been managing its debt levels more efficiently, potentially lowering financial risk and increasing stability.
However, it's worth noting that the ratio increased in Q1 and Q2 2023 before declining again. These fluctuations may indicate variations in the company's financing decisions and capital structure during those periods.
Overall, a lower debt-to-assets ratio typically suggests that a company has a stronger financial position and is less reliant on debt financing to support its operations. Balchem Corp.'s decreasing trend in this ratio over the past few quarters is a positive signal of improved financial health and prudent debt management.
Peer comparison
Dec 31, 2023