Badger Meter Inc (BMI)
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 | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 516,482 | 442,422 | 403,070 | 361,259 | 331,068 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $516,482K
= 0.00
The debt-to-equity ratio of Badger Meter Inc. has consistently been low and stable over the past five years, ranging from 0.00 to 0.01. This indicates that the company has been mainly funded by equity rather than debt during this period. A low debt-to-equity ratio can suggest a lower financial risk for the company as it indicates a conservative approach to financing operations. It also implies that the company may have strong financial health and stability, as it has not relied heavily on borrowing to fund its operations or growth. Overall, the trend of consistently low debt-to-equity ratios for Badger Meter Inc. reflects a favorable financial position in terms of its capital structure.
Peer comparison
Dec 31, 2023