ESCO Technologies Inc (ESE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,154,090 | 1,131,140 | 1,107,040 | 1,080,800 | 1,066,400 | 1,048,160 | 1,029,880 | 1,021,170 | 1,015,280 | 1,019,700 | 1,004,850 | 990,660 | 976,162 | 959,026 | 943,457 | 926,207 | 915,491 | 826,222 | 811,807 | 794,396 |
| Debt-to-capital ratio | 0.12 | 0.07 | 0.10 | 0.12 | 0.10 | 0.11 | 0.15 | 0.15 | 0.15 | 0.12 | 0.03 | 0.00 | 0.03 | 0.04 | 0.12 | 0.12 | 0.12 | 0.24 | 0.20 | 0.20 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $152,000K ÷ ($152,000K + $1,154,090K)
= 0.12
The debt-to-capital ratio of Esco Technologies, Inc. has shown variability over the past eight quarters. The ratio ranged from 0.08 to 0.16 during this period. In Q4 2023, the ratio was 0.08, indicating a relatively lower level of debt compared to total capital. However, in Q3 2022 and Q2 2022, the ratio stood at 0.16, reflecting a higher proportion of debt in the capital structure.
Overall, the company's debt-to-capital ratio has shown fluctuations but has generally been in the range of 0.11 to 0.16, with Q1 2024 reporting a ratio of 0.13. This suggests that Esco Technologies, Inc. has maintained a moderate level of debt relative to its total capital during the measured period. Further analysis and comparison with industry peers would provide additional insights into the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2023