Equifax Inc (EFX)
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 | 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-equity ratio | 1.05 | 1.28 | 1.31 | 1.23 | 1.22 | 1.28 | 1.07 | 1.17 | 1.25 | 1.40 | 0.95 | 0.99 | 1.03 | 1.12 | 1.44 | 1.47 | 1.31 | 1.13 | 1.11 | 1.04 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,747,800K ÷ $4,534,100K
= 1.05
Equifax, Inc.'s debt-to-equity ratio has been fluctuating over the past eight quarters, ranging from a low of 1.26 to a high of 1.56. The ratio measures the proportion of debt used to finance the company's assets relative to shareholders' equity. A higher ratio indicates that the company relies more on debt financing, which may increase financial risk.
The trend in Equifax's debt-to-equity ratio shows a general increase from Q4 2022 to Q1 2023, suggesting a higher reliance on debt during that period. However, from Q1 2023 to Q4 2023, there was a slight decrease in the ratio.
Overall, with a ratio consistently above 1, Equifax has maintained a higher level of debt compared to equity in its capital structure. This indicates that the company has been leveraging more debt to fund its operations and investments. Further analysis would be necessary to assess the implications of this trend on Equifax's financial health and risk profile.