ESCO Technologies Inc (ESE)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,237,350 | 1,193,690 | 1,166,410 | 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 |
| Debt-to-equity ratio | 0.08 | 0.13 | 0.15 | 0.13 | 0.07 | 0.12 | 0.13 | 0.11 | 0.13 | 0.18 | 0.17 | 0.18 | 0.13 | 0.03 | 0.00 | 0.03 | 0.04 | 0.14 | 0.14 | 0.14 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $102,000K ÷ $1,237,350K
= 0.08
The debt-to-equity ratio of ESCO Technologies Inc has fluctuated over the past few years, ranging from 0.00 to 0.18. A lower ratio indicates that a company has less debt relative to its equity, which is generally considered favorable as it signifies a lower financial risk. From September 2020 to March 2021, the ratio remained relatively low, suggesting a conservative capital structure. However, there was a spike in the ratio in June 2021 and June 2022, indicating an increase in debt compared to equity during those periods. The ratio decreased in the subsequent periods, but it remained above the levels seen in 2020 and early 2021. Overall, ESCO Technologies Inc should monitor and manage its debt levels to maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
Sep 30, 2024