Equifax Inc (EFX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,534,100 | 4,293,300 | 4,191,200 | 4,064,000 | 3,956,500 | 3,759,000 | 3,805,000 | 3,834,100 | 3,584,400 | 3,539,200 | 3,460,500 | 3,318,000 | 3,168,400 | 2,929,000 | 2,694,100 | 2,386,500 | 2,578,600 | 2,515,800 | 2,543,400 | 2,561,700 |
| Debt-to-capital ratio | 0.51 | 0.56 | 0.57 | 0.55 | 0.55 | 0.56 | 0.52 | 0.54 | 0.55 | 0.58 | 0.49 | 0.50 | 0.51 | 0.53 | 0.59 | 0.59 | 0.57 | 0.53 | 0.53 | 0.51 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,747,800K ÷ ($4,747,800K + $4,534,100K)
= 0.51
The debt-to-capital ratio of Equifax, Inc. has shown a fluctuating trend over the past eight quarters. The ratio has ranged from 0.56 to 0.61 during this period, which indicates that the company has been relying on debt to finance a significant portion of its capital structure.
In general, a higher debt-to-capital ratio suggests that a company has a higher proportion of debt relative to its total capital, which can indicate higher financial leverage and risk. Equifax's ratio fluctuating between 0.56 to 0.61 implies that the company has been managing its debt levels relative to its capital structure, but it is still significant enough to impact its overall financial health.
It is important for investors and analysts to closely monitor changes in the debt-to-capital ratio as it can provide insights into the company's ability to manage its debt obligations and potential financial risks. Additionally, comparing this ratio to industry peers and historical trends can help in assessing Equifax's financial leverage position over time.