ESCO Technologies Inc (ESE)
Debt-to-equity 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-equity ratio | 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 | 0.32 | 0.24 | 0.25 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $152,000K ÷ $1,154,090K
= 0.13
The debt-to-equity ratio of Esco Technologies, Inc. has fluctuated over the past eight quarters, ranging from 0.09 to 0.20. In Q4 2023, the ratio decreased to 0.09, indicating a lower level of debt relative to equity compared to previous quarters. This suggests a stronger financial position with less reliance on debt financing. However, the ratio increased again in Q1 2024 to 0.15, which may indicate a slight increase in the company's debt levels relative to equity. Overall, the company has maintained a relatively conservative capital structure with a generally low level of debt compared to equity, which is a positive sign for investors and creditors in terms of financial stability and risk management.
Peer comparison
Dec 31, 2023