Carlisle Companies Incorporated (CSL)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,886,700 | 2,281,100 | 2,575,400 | 2,080,200 | 1,341,400 |
| Total assets | US$ in thousands | 6,620,000 | 7,222,000 | 7,246,800 | 5,866,400 | 5,496,000 |
| Debt-to-assets ratio | 0.28 | 0.32 | 0.36 | 0.35 | 0.24 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,886,700K ÷ $6,620,000K
= 0.28
The debt-to-assets ratio for Carlisle Companies Inc. has fluctuated over the past five years, ranging from 0.29 to 0.40. A higher debt-to-assets ratio indicates that a larger portion of the company's assets is financed by debt.
In 2021, the ratio increased to 0.40, which may suggest that Carlisle Companies Inc. took on more debt relative to its total assets, potentially indicating increased financial leverage. However, in 2023, the ratio decreased to 0.35, indicating a slight reduction in the company's reliance on debt financing compared to the previous year.
Overall, the trend of the debt-to-assets ratio for Carlisle Companies Inc. shows some variability but generally indicates a moderate level of debt financing relative to assets, with the company maintaining a conservative approach to managing its leverage. It is important for investors and analysts to continue monitoring this ratio alongside other financial metrics to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023