Ecolab Inc (ECL)

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	—	—	—	—	—	—	—	—	—	—	—	—	6,671,200	—	—	—	6,274,000	—	—	—
Total stockholders’ equity	US$ in thousands	8,044,700	7,795,800	7,556,700	7,344,200	7,236,100	7,062,600	7,093,400	7,081,600	7,224,200	6,933,500	6,709,100	6,292,300	6,166,500	6,014,700	5,855,200	8,822,100	8,685,300	8,567,700	8,225,400	8,220,700
Debt-to-equity 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	1.08	0.00	0.00	0.00	0.72	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,044,700K
= 0.00

The debt-to-equity ratio of Ecolab, Inc. has been fluctuating over the past eight quarters, ranging from 1.02 to 1.24. A debt-to-equity ratio above 1 indicates that the company is using more debt financing than equity financing, suggesting higher financial risk.

The ratio shows a gradual increase from Q4 2022 to Q1 2023, peaking at 1.19 and then stabilizing around 1.18 to 1.24 in the subsequent quarters. This trend implies that the company's reliance on debt relative to equity has been relatively steady during the most recent quarters.

A high debt-to-equity ratio may indicate that Ecolab could potentially be more vulnerable to economic downturns or fluctuations in interest rates. It is important for investors and stakeholders to closely monitor the company's ability to manage its debt levels effectively and sustainably in order to ensure long-term financial stability and growth.