Emerson Electric Company (EMR)
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 | 7,632,000 | 7,610,000 | 7,642,000 | 8,174,000 | 8,159,000 | 8,259,000 | 8,367,000 | 8,203,000 | 8,722,000 | 5,793,000 | 5,835,000 | 5,823,000 | 5,892,000 | 6,326,000 | 5,500,000 | 3,960,000 | 4,018,000 | 4,277,000 | 4,336,000 | 3,786,000 |
| Total assets | US$ in thousands | 46,513,000 | 42,746,000 | 44,173,000 | 36,147,000 | 36,241,000 | 35,672,000 | 37,042,000 | 29,497,000 | 26,959,000 | 24,715,000 | 24,484,000 | 23,800,000 | 23,678,000 | 22,882,000 | 21,730,000 | 21,711,000 | 21,101,000 | 20,497,000 | 21,317,000 | 21,071,000 |
| Debt-to-assets ratio | 0.16 | 0.18 | 0.17 | 0.23 | 0.23 | 0.23 | 0.23 | 0.28 | 0.32 | 0.23 | 0.24 | 0.24 | 0.25 | 0.28 | 0.25 | 0.18 | 0.19 | 0.21 | 0.20 | 0.18 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,632,000K ÷ $46,513,000K
= 0.16
Emerson Electric Co.'s debt-to-assets ratio has fluctuated over the past eight quarters, ranging from 0.19 to 0.37. A lower debt-to-assets ratio indicates a lower proportion of debt relative to total assets, suggesting a stronger financial position and lower risk.
In Q1 2024, the ratio was 0.23, reflecting an increase from the previous quarter but still below the levels seen in Q3 and Q4 2022. This could indicate a moderate level of leverage compared to total assets.
The ratio was at its lowest in Q4 2023 and Q3 2023 at 0.19, possibly indicating a conservative approach to debt management during that period.
The highest ratio observed was in Q2 2022 at 0.37, signaling a higher level of debt relative to assets, which could potentially increase financial risk and impact the company's liquidity and solvency.
Overall, the trend in Emerson Electric Co.'s debt-to-assets ratio suggests some variability in the company's leverage position over time, emphasizing the importance of consistent monitoring and assessment of its debt management strategies.
Peer comparison
Dec 31, 2023