Carlisle Companies Incorporated (CSL)
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 | 1,886,700 | 2,281,100 | 2,575,400 | 2,080,200 | 1,341,400 |
| Total stockholders’ equity | US$ in thousands | 2,829,000 | 3,024,400 | 2,629,500 | 2,537,700 | 2,642,800 |
| Debt-to-equity ratio | 0.67 | 0.75 | 0.98 | 0.82 | 0.51 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,886,700K ÷ $2,829,000K
= 0.67
The debt-to-equity ratio of Carlisle Companies Inc. has fluctuated over the past five years, ranging from 0.60 in 2019 to 1.11 in 2021. A lower ratio indicates less reliance on debt to finance operations, while a higher ratio suggests higher debt levels relative to equity.
In 2019, the company had a relatively low debt-to-equity ratio of 0.60, indicating a conservative approach to leverage. However, there was a significant increase in 2021, with the ratio jumping to 1.11, signaling a higher level of debt relative to equity. This could be a result of increased borrowing or declining equity levels during that period.
The ratio decreased to 0.82 in 2020 before slightly increasing to 0.85 in 2022 and further dropping to 0.81 in 2023. These fluctuations suggest potential changes in the company's capital structure and financing decisions over the years.
Overall, the trend in Carlisle Companies Inc.'s debt-to-equity ratio indicates some variability in its capital structure and financial leverage. It would be important to further investigate the factors driving these changes and assess the company's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2023