Carlisle Companies Incorporated (CSL)
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 | 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-equity ratio | 0.67 | 0.78 | 0.75 | 0.75 | 0.75 | 0.75 | 0.90 | 0.96 | 0.98 | 1.15 | 0.86 | 0.86 | 0.82 | 0.84 | 0.83 | 1.02 | 0.51 | 0.59 | 0.62 | 0.63 |
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 eight quarters, ranging from 0.78 to 1.09. From Q1 2022 to Q2 2023, there is a general increasing trend in the debt-to-equity ratio, with a peak at 1.09 in Q1 2022. This indicates that the company has been relying more on debt relative to equity in its capital structure during this period.
A high debt-to-equity ratio, such as the peaks seen in Q1 2022 and Q2 2022, suggests that the company may be taking on a higher level of financial risk by relying more heavily on debt financing. On the other hand, lower ratios, like those in Q3 2023 and Q4 2023, indicate a more conservative approach to financing, with more emphasis on equity.
It is important for stakeholders to monitor these fluctuations in the debt-to-equity ratio to assess the company's overall financial health and risk profile. Further analysis of the company's financial statements and operational performance would be necessary to fully evaluate the implications of these debt-to-equity ratios for Carlisle Companies Inc.
Peer comparison
Dec 31, 2023