Belden Inc (BDC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,166,260 | 1,143,010 | 955,287 | 750,581 | 959,847 |
| Debt-to-equity ratio | 1.03 | 1.02 | 1.53 | 2.10 | 1.50 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,204,210K ÷ $1,166,260K
= 1.03
The debt-to-equity ratio of Belden Inc has shown a fluctuating trend over the past five years. In 2023, the ratio stands at 1.03, indicating that for every dollar of equity, the company has $1.03 in debt. This represents a slight increase from the previous year's ratio of 1.02.
Comparing to the ratio from 2021, which was 1.53, the current ratio reflects a significant improvement in the company's debt management. Moreover, there has been a notable decrease from the ratio of 2.10 in 2020, suggesting a positive trend in reducing the company's reliance on debt financing.
Overall, the downward trend in Belden Inc's debt-to-equity ratio signifies a more conservative capital structure and improved financial health over the past few years. It indicates that the company has been effectively managing its debt levels relative to equity, which could lead to lower financial risk and potentially enhance its long-term sustainability.
Peer comparison
Dec 31, 2023