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
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


See also:

Ecolab Inc Debt to Assets (Quarterly Data)