Equifax Inc (EFX)

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	4,747,800	5,500,400	5,503,000	4,987,900	4,820,100	4,819,200	4,073,500	4,471,900	4,470,100	4,969,400	3,280,900	3,279,100	3,277,300	3,275,300	3,872,100	3,505,100	3,379,500	2,834,700	2,833,300	2,656,900
Total assets	US$ in thousands	12,280,000	12,348,900	11,537,900	11,583,900	11,547,900	11,308,000	11,221,200	11,391,700	11,040,900	11,083,300	9,340,300	9,669,400	9,611,800	9,249,800	8,832,800	7,622,800	7,909,000	7,430,700	7,473,500	7,335,700
Debt-to-assets ratio		0.39	0.45	0.48	0.43	0.42	0.43	0.36	0.39	0.40	0.45	0.35	0.34	0.34	0.35	0.44	0.46	0.43	0.38	0.38	0.36

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 eight quarters, ranging from 0.47 to 0.52. This ratio indicates that, on average, Equifax finances approximately 47% to 52% of its assets through debt.

A decreasing trend in the debt-to-assets ratio suggests that Equifax has been reducing its reliance on debt to finance its operations and investments over time. On the other hand, an increasing trend would indicate a higher level of financial risk as the company is using a larger proportion of debt to support its asset base.

Overall, the range of 0.47 to 0.52 indicates that Equifax maintains a moderate level of leverage, balancing the use of debt with equity to support its operations and growth. Investors and analysts typically consider a lower debt-to-assets ratio as a positive indicator of financial health and stability, as it signifies a lower risk of default in meeting debt obligations.