Belden Inc (BDC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,166,260 | 1,199,400 | 1,162,970 | 1,133,520 | 1,143,010 | 1,133,810 | 1,048,200 | 946,770 | 955,287 | 939,518 | 867,751 | 839,092 | 750,581 | 792,396 | 823,919 | 947,243 | 959,847 | 1,138,700 | 1,428,210 | 1,430,910 |
| Debt-to-capital ratio | 0.51 | 0.49 | 0.51 | 0.51 | 0.50 | 0.48 | 0.52 | 0.56 | 0.60 | 0.61 | 0.64 | 0.64 | 0.68 | 0.65 | 0.65 | 0.59 | 0.60 | 0.55 | 0.51 | 0.50 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,204,210K ÷ ($1,204,210K + $1,166,260K)
= 0.51
The debt-to-capital ratio for Belden Inc has shown some fluctuations over the past eight quarters, ranging from 0.48 to 0.56. The ratio measures the proportion of the company's capital structure that is financed through debt, with a higher ratio indicating a higher level of debt relative to total capital. Belden Inc's ratio has generally been within a narrow range around 0.50, indicating a relatively balanced mix of debt and equity financing. However, the slight increase in the ratio from Q3 2022 to Q1 2022 warrants further investigation, as it may suggest a higher reliance on debt financing during that period. Overall, it is essential for stakeholders to monitor this ratio closely to assess the company's leverage and financial risk levels accurately.
Peer comparison
Dec 31, 2023