Belden Inc (BDC)
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 | 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-equity ratio | 1.03 | 0.96 | 1.02 | 1.04 | 1.02 | 0.92 | 1.09 | 1.28 | 1.53 | 1.59 | 1.76 | 1.80 | 2.10 | 1.89 | 1.87 | 1.46 | 1.50 | 1.23 | 1.02 | 1.01 |
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 some fluctuations over the past eight quarters. It ranged from a low of 0.92 in Q3 2022 to a high of 1.28 in Q1 2022. Overall, the trend indicates a level of leverage in the company's capital structure, with the ratio consistently above 1.0 in the most recent quarters.
A ratio above 1 suggests that Belden Inc has more debt than equity in its capital structure, indicating that the company relies more on debt financing to fund its operations and growth. This may pose risks in terms of financial stability and potential difficulties in meeting debt obligations, especially in times of economic downturn or rising interest rates.
The fluctuations in the debt-to-equity ratio may indicate changes in the company's financing strategies or capital expenditure decisions over the periods under review. It is important for stakeholders to monitor this ratio closely to assess the company's financial risk and evaluate its ability to manage debt effectively while maintaining a healthy balance sheet.
Peer comparison
Dec 31, 2023