ESCO Technologies Inc (ESE)
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 | 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 | 265,000 | 197,000 | 197,000 |
| Total assets | US$ in thousands | 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 | 1,466,700 | 1,326,100 | 1,293,960 |
| Debt-to-assets ratio | 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 | 0.18 | 0.15 | 0.15 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $152,000K ÷ $1,772,530K
= 0.09
The debt-to-assets ratio for Esco Technologies, Inc. has been fluctuating over the past eight quarters, ranging from 0.06 to 0.12. In Q1 2024, the ratio was at 0.10, indicating that 10% of the company's assets were financed through debt. This ratio remained relatively stable compared to the previous quarters, where it ranged between 0.06 and 0.12.
A debt-to-assets ratio of 0.10 suggests that Esco Technologies relies moderately on debt financing to support its operations and investments, with a significant portion of its assets being funded through equity. It is important to note that a lower ratio indicates lower financial risk, as the company has more assets relative to its debt obligations. However, a higher ratio could suggest higher financial leverage and potential risks associated with debt repayment.
Overall, Esco Technologies' debt-to-assets ratio has remained within a reasonable range over the past eight quarters, indicating a balanced approach to capital structure management. Investors and stakeholders should continue monitoring this ratio along with other financial metrics to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023