Carlisle Companies Incorporated (CSL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,829,000 | 2,923,800 | 3,032,000 | 3,058,300 | 3,024,400 | 3,041,700 | 2,875,100 | 2,678,600 | 2,629,500 | 2,544,800 | 2,417,900 | 2,411,800 | 2,537,700 | 2,475,300 | 2,516,200 | 2,518,500 | 2,642,800 | 2,681,000 | 2,583,200 | 2,524,700 |
| Debt-to-capital ratio | 0.40 | 0.44 | 0.43 | 0.43 | 0.43 | 0.43 | 0.47 | 0.49 | 0.49 | 0.53 | 0.46 | 0.46 | 0.45 | 0.46 | 0.45 | 0.51 | 0.34 | 0.37 | 0.38 | 0.39 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,886,700K ÷ ($1,886,700K + $2,829,000K)
= 0.40
The debt-to-capital ratio of Carlisle Companies Inc. has shown a slight decline over the past two quarters, decreasing from 0.46 in Q1 2023 to 0.45 in Q4 2023. This indicates that the company's reliance on debt funding relative to its total capital base has slightly decreased, which may be viewed positively by investors and creditors.
Furthermore, the trend over the past eight quarters shows fluctuations in the debt-to-capital ratio, with the ratio ranging from 0.44 to 0.52. The peak ratio was observed in Q1 2022 at 0.52, indicating a higher proportion of debt in the company's capital structure at that time. However, the ratio has generally been trending downwards since then.
Overall, the decreasing trend in the debt-to-capital ratio in recent quarters suggests that Carlisle Companies Inc. may be managing its debt levels effectively or possibly increasing equity in its capital structure. This trend can improve the company's financial stability and reduce its financial risk, as lower debt ratios typically indicate lower leverage and lower risk of financial distress.
Peer comparison
Dec 31, 2023