ESCO Technologies Inc (ESE)
Debt-to-assets ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 102,000 | 153,000 | 171,000 | 152,000 | 82,000 | 128,000 | 141,000 | 112,000 | 133,000 | 181,000 | 176,000 | 178,000 | 134,000 | 28,000 | 2,000 | 34,000 | 40,000 | 130,000 | 130,000 | 130,000 |
| Total assets | US$ in thousands | 1,838,620 | 1,811,060 | 1,784,190 | 1,772,530 | 1,683,210 | 1,703,510 | 1,682,600 | 1,635,990 | 1,654,460 | 1,652,690 | 1,625,790 | 1,604,220 | 1,577,340 | 1,408,680 | 1,357,400 | 1,383,580 | 1,370,190 | 1,444,580 | 1,441,580 | 1,431,570 |
| Debt-to-assets ratio | 0.06 | 0.08 | 0.10 | 0.09 | 0.05 | 0.08 | 0.08 | 0.07 | 0.08 | 0.11 | 0.11 | 0.11 | 0.08 | 0.02 | 0.00 | 0.02 | 0.03 | 0.09 | 0.09 | 0.09 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $102,000K ÷ $1,838,620K
= 0.06
The debt-to-assets ratio of ESCO Technologies Inc has shown varying levels over the past eight quarters. As of September 30, 2024, the ratio stands at 0.06, indicating that the company has relatively low debt compared to its total assets. This is a positive sign from a solvency perspective, suggesting that the company is not overly reliant on borrowed funds to finance its operations.
Looking at the trend over the past few quarters, there has been some fluctuation in the ratio. It increased from 0.05 in June 2023 to a peak of 0.11 in March 2022 before declining to the current level. This suggests that ESCO Technologies Inc may have taken on more debt in the past to fund investments or operations but has since managed to reduce its debt levels.
Overall, the gradual decrease in the debt-to-assets ratio since March 2022 indicates a positive trend towards a stronger financial position with less leverage. However, it is essential to continue monitoring this ratio to ensure that the company maintains a healthy balance between debt and assets to support sustainable growth and profitability.
Peer comparison
Sep 30, 2024