Equifax Inc (EFX)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,747,800 | 4,820,100 | 4,470,100 | 3,277,300 | 3,379,500 |
| Total assets | US$ in thousands | 12,280,000 | 11,547,900 | 11,040,900 | 9,611,800 | 7,909,000 |
| Debt-to-assets ratio | 0.39 | 0.42 | 0.40 | 0.34 | 0.43 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,747,800K ÷ $12,280,000K
= 0.39
The debt-to-assets ratio of Equifax, Inc. has been relatively stable over the past five years, ranging from 0.43 to 0.50. The ratio indicates the proportion of the company's assets financed by debt. A decreasing ratio over time suggests that Equifax has been relying less on debt to fund its operations and investments. The slight fluctuations in the ratio could be due to changes in the company's capital structure or strategic decisions regarding debt management. Overall, with a ratio consistently below 1, Equifax has maintained a healthy balance between debt and assets, demonstrating a conservative approach to leverage. Investors and creditors may view this stability positively as it indicates a relatively low financial risk for the company.