Ecolab Inc (ECL)
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 | ||
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Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 6,671,200 | — | — | — | 6,274,000 | — | — | — |
Total assets | US$ in thousands | 21,846,600 | 21,858,100 | 21,456,200 | 21,251,500 | 21,464,300 | 21,037,000 | 21,163,600 | 21,067,200 | 21,206,400 | 17,926,200 | 18,533,700 | 18,208,100 | 18,126,000 | 18,097,100 | 18,082,400 | 22,339,600 | 20,869,100 | 20,835,600 | 20,827,600 | 20,927,600 |
Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 | 0.00 | 0.00 | 0.00 | 0.30 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $21,846,600K
= 0.00
The debt-to-assets ratio of Ecolab, Inc. has shown a gradual decrease over the past year, from 0.42 in Q1 2022 to 0.37 in Q4 2023. This indicates that the company has been able to reduce its reliance on debt in relation to its total assets. A decreasing trend in this ratio is generally seen as positive, as it suggests a lower level of financial risk and a stronger ability to meet financial obligations. However, it is essential to consider the context and reason behind this trend, as too low of a debt-to-assets ratio could signify underutilization of debt financing which might hinder growth opportunities. Overall, Ecolab's decreasing debt-to-assets ratio trend is a favorable indicator of improved financial health and stability.
Peer comparison
Dec 31, 2023