Belden Inc (BDC)
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 | 1,204,210 | 1,145,800 | 1,187,150 | 1,179,010 | 1,161,180 | 1,045,350 | 1,137,850 | 1,213,640 | 1,459,990 | 1,492,640 | 1,527,050 | 1,509,710 | 1,573,730 | 1,500,720 | 1,537,370 | 1,385,440 | 1,439,480 | 1,403,670 | 1,457,570 | 1,440,490 |
| Total assets | US$ in thousands | 3,240,190 | 3,129,400 | 3,145,330 | 3,066,780 | 3,161,680 | 2,960,500 | 3,026,020 | 3,003,270 | 3,417,680 | 3,335,180 | 3,269,930 | 3,147,670 | 3,139,730 | 3,036,080 | 3,177,030 | 972,258 | 3,406,760 | 3,442,000 | 3,822,980 | 3,757,960 |
| Debt-to-assets ratio | 0.37 | 0.37 | 0.38 | 0.38 | 0.37 | 0.35 | 0.38 | 0.40 | 0.43 | 0.45 | 0.47 | 0.48 | 0.50 | 0.49 | 0.48 | 1.42 | 0.42 | 0.41 | 0.38 | 0.38 |
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 remained relatively stable over the past eight quarters, ranging from 0.35 to 0.40. This ratio indicates that, on average, approximately 35% to 40% of the company's assets are financed by debt, while the remaining portion is funded by equity.
A consistent ratio within this range suggests that Belden Inc has been maintaining a prudent balance between debt and equity financing. It also indicates that the company has not significantly increased its reliance on debt to fund its operations or investments during the period under review.
Overall, the stability of the debt-to-assets ratio for Belden Inc suggests a relatively conservative approach to capital structure management, with a focus on maintaining a healthy balance sheet and financial stability.
Peer comparison
Dec 31, 2023