Badger Meter Inc (BMI)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 516,482 | 492,706 | 475,592 | 458,037 | 442,422 | 422,859 | 416,183 | 409,881 | 403,070 | 391,824 | 381,847 | 369,849 | 361,259 | 351,543 | 341,143 | 335,721 | 331,068 | 323,639 | 316,452 | 308,613 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the data provided, Badger Meter Inc. has consistently maintained a debt-to-equity ratio of 0.00 across all quarters in the past two years. A debt-to-equity ratio of 0.00 indicates that the company has no debt or its debt levels are extremely low compared to its equity. This suggests that Badger Meter Inc. is not relying heavily on debt to finance its operations and has a strong financial position with a significant amount of equity relative to its debt.
Having a debt-to-equity ratio of 0.00 can be viewed positively as it indicates a lower financial risk for the company, as it has less financial leverage and lower interest expenses. Additionally, a low debt-to-equity ratio may signal to investors and creditors that the company is stable and financially sound.
Overall, based on the consistent 0.00 debt-to-equity ratio maintained by Badger Meter Inc., the company appears to have a conservative capital structure with minimal reliance on debt financing.
Peer comparison
Dec 31, 2023