Belden Inc (BDC)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,130,100 | 1,218,960 | 1,164,840 | 1,180,120 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,294,740 | 1,235,210 | 1,219,850 | 1,155,840 | 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 |
| Debt-to-equity ratio | 0.87 | 0.99 | 0.95 | 1.02 | 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 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,130,100K ÷ $1,294,740K
= 0.87
The debt-to-equity ratio of Belden Inc has shown fluctuations over the past few years. It stood at 1.46 as of March 31, 2020, and gradually increased to 2.10 by December 31, 2020. However, from the first quarter of 2021 to the second quarter of 2024, the ratio has been on a declining trend, reaching 0.87 as of December 31, 2024.
A decreasing trend in the debt-to-equity ratio generally indicates that the company is relying less on debt financing and more on equity. This could be a positive sign as it may indicate improved financial stability and reduced financial risk, as the company has a lower level of debt relative to its equity.
However, it is essential to consider the industry standards and overall financial strategy of the company when analyzing the debt-to-equity ratio in isolation. A ratio below 1 suggests that the company has more equity than debt, which can be seen as a conservative financial structure. It appears that Belden Inc has been managing its debt levels effectively in recent years, aiming to strike a balance between debt and equity to support its growth and stability.
Peer comparison
Dec 31, 2024