ESCO Technologies Inc (ESE)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 102,000 | 82,000 | 133,000 | 134,000 | 40,000 |
| Total assets | US$ in thousands | 1,838,620 | 1,683,210 | 1,654,460 | 1,577,340 | 1,370,190 |
| Debt-to-assets ratio | 0.06 | 0.05 | 0.08 | 0.08 | 0.03 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $102,000K ÷ $1,838,620K
= 0.06
ESCO Technologies Inc's debt-to-assets ratio has shown some fluctuation over the past five years. In 2020, the ratio was at 0.03, indicating a relatively low level of debt relative to total assets. However, there was an increase in the ratio in 2021 and 2022, reaching 0.08 in both years, which suggests that the company took on more debt compared to its total assets.
In 2023, there was a slight decrease in the debt-to-assets ratio to 0.05, indicating a reduction in the level of debt relative to total assets. This trend continued in 2024, with the ratio further decreasing to 0.06. Despite this decrease, the ratio is still higher compared to the 2020 level.
Overall, ESCO Technologies Inc's debt-to-assets ratio has varied over the years, with a peak in 2021 and 2022. It is important for the company to monitor and manage its debt levels effectively to ensure financial stability and maintain a healthy balance sheet.
Peer comparison
Sep 30, 2024