Belden Inc (BDC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,204,210 | 1,161,180 | 1,459,990 | 1,573,730 | 1,439,480 |
| Total assets | US$ in thousands | 3,240,190 | 3,161,680 | 3,417,680 | 3,139,730 | 3,406,760 |
| Debt-to-assets ratio | 0.37 | 0.37 | 0.43 | 0.50 | 0.42 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,204,210K ÷ $3,240,190K
= 0.37
The debt-to-assets ratio of Belden Inc has exhibited fluctuations over the past five years, ranging from 0.37 in 2023 to 0.50 in 2020. This ratio indicates the proportion of the company's assets financed through debt, with lower values suggesting a smaller reliance on borrowing for asset acquisition.
The downward trend from 2020 to 2023 signifies a reduction in the proportion of debt relative to assets, reflecting potentially improved financial health and lower financial risk. However, it is important to note that the ratio increased in 2021 before decreasing again in 2022 and 2023.
Overall, the debt-to-assets ratio of Belden Inc suggests a conservative approach to debt financing and a relatively stable financial structure over the analyzed period.
Peer comparison
Dec 31, 2023