Ecolab Inc (ECL)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 6,671,200 | 6,274,000 |
| Total stockholders’ equity | US$ in thousands | 8,044,700 | 7,236,100 | 7,224,200 | 6,166,500 | 8,685,300 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.52 | 0.42 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,044,700K)
= 0.00
The debt-to-capital ratio of Ecolab, Inc. has fluctuated over the past five years, ranging from 0.42 in 2019 to 0.55 in 2021, with the highest being recorded in 2021. This ratio indicates the proportion of the company's capital structure that is financed by debt. A decreasing trend from 2021 to 2023 suggests that the company may be reducing its reliance on debt financing in relation to its total capital. However, the ratio remains relatively stable around the 0.50 mark in recent years, indicating that debt continues to play a significant role in funding Ecolab's operations. Overall, a debt-to-capital ratio of around 0.50 to 0.55 indicates a moderate level of leverage in the company's capital structure.
Peer comparison
Dec 31, 2023