Carlisle Companies Incorporated (CSL)
Debt-to-assets 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 | 1,886,700 | 2,283,200 | 2,282,200 | 2,281,900 | 2,281,100 | 2,280,300 | 2,577,700 | 2,576,700 | 2,575,400 | 2,924,000 | 2,080,400 | 2,081,000 | 2,080,200 | 2,079,400 | 2,077,200 | 2,576,400 | 1,341,400 | 1,590,200 | 1,589,400 | 1,588,500 |
| Total assets | US$ in thousands | 6,620,000 | 6,816,000 | 7,176,200 | 7,115,400 | 7,222,000 | 7,732,000 | 7,577,700 | 7,323,000 | 7,246,800 | 7,074,600 | 5,839,300 | 5,752,200 | 5,866,400 | 5,800,000 | 5,808,300 | 6,297,600 | 5,496,000 | 5,541,100 | 5,396,700 | 5,301,700 |
| Debt-to-assets ratio | 0.28 | 0.33 | 0.32 | 0.32 | 0.32 | 0.29 | 0.34 | 0.35 | 0.36 | 0.41 | 0.36 | 0.36 | 0.35 | 0.36 | 0.36 | 0.41 | 0.24 | 0.29 | 0.29 | 0.30 |
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 shown some fluctuations over the past eight quarters. The ratio has ranged from 0.34 to 0.40 during this period. In Q4 2023, the ratio stood at 0.35, indicating that 35% of the company's assets were financed through debt.
Overall, the trend in the debt-to-assets ratio has been relatively stable, with minor variations. This suggests that Carlisle Companies Inc. has maintained a consistent approach to managing its leverage and debt levels relative to its total assets.
A lower debt-to-assets ratio typically indicates a lower level of financial risk, as it suggests that the company has a smaller proportion of debt in its capital structure. Conversely, a higher ratio may indicate a greater reliance on debt financing, which could potentially lead to higher financial risk.
Investors and analysts may monitor the debt-to-assets ratio to assess the company's capital structure and financial health. It is essential for Carlisle Companies Inc. to strike a balance between debt and equity financing to ensure sustainable growth and financial stability in the long run.
Peer comparison
Dec 31, 2023