Balchem Corporation (BCPC)
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 | 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 stockholders’ equity | US$ in thousands | 1,053,980 | 1,025,270 | 1,006,900 | 973,416 | 938,284 | 895,922 | 901,370 | 873,682 | 877,015 | 889,078 | 869,642 | 849,492 | 828,233 | 819,443 | 792,523 | 766,271 | 743,667 | 733,586 | 732,345 | 710,509 |
| Debt-to-equity ratio | 0.31 | 0.39 | 0.42 | 0.47 | 0.47 | 0.53 | 0.50 | 0.16 | 0.14 | 0.14 | 0.16 | 0.20 | 0.21 | 0.25 | 0.29 | 0.34 | 0.34 | 0.31 | 0.32 | 0.21 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $326,146K ÷ $1,053,980K
= 0.31
The debt-to-equity ratio of Balchem Corp. has fluctuated over the past eight quarters. The ratio decreased from 0.47 in Q4 2022 to 0.30 in Q4 2023, indicating a reduction in the company's reliance on debt relative to equity. However, the ratio gradually increased in the following quarters, reaching 0.45 in Q1 2023, which suggests a higher proportion of debt financing relative to equity.
The highest debt-to-equity ratio observed during this period was 0.52 in Q3 2022, indicating a relatively high level of debt compared to equity at that time. In contrast, the lowest ratio recorded was 0.15 in Q1 2022, signaling a significant reliance on equity financing over debt.
Overall, the trend in Balchem Corp.'s debt-to-equity ratio shows variability, with fluctuations in the company's capital structure composition. It is important for stakeholders to monitor these changes to assess the company's financial risk and leverage levels accurately.
Peer comparison
Dec 31, 2023