Fortune Brands Innovations Inc. (FBIN)
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 | 2,670,100 | 2,829,300 | 2,668,500 | 2,074,900 | 2,074,300 | 2,786,900 | 3,357,900 | 3,367,900 | 2,309,800 | 2,629,100 | 2,608,300 | 2,682,800 | 2,572,200 | 2,086,500 | 2,245,900 | 2,035,200 | 1,784,600 | 1,949,000 | 1,666,000 | 2,169,700 |
| Total assets | US$ in thousands | 6,565,000 | 6,618,100 | 6,873,200 | 5,972,700 | 6,120,900 | 8,415,600 | 8,334,100 | 8,243,000 | 7,936,200 | 7,868,800 | 7,696,000 | 7,482,100 | 7,358,700 | 6,519,000 | 6,332,300 | 6,300,100 | 6,291,300 | 6,285,600 | 6,343,400 | 6,289,200 |
| Debt-to-assets ratio | 0.41 | 0.43 | 0.39 | 0.35 | 0.34 | 0.33 | 0.40 | 0.41 | 0.29 | 0.33 | 0.34 | 0.36 | 0.35 | 0.32 | 0.35 | 0.32 | 0.28 | 0.31 | 0.26 | 0.34 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,670,100K ÷ $6,565,000K
= 0.41
The debt-to-assets ratio of Fortune Brands Innovations Inc. has fluctuated over the past five years, ranging from 0.26 to 0.43. This ratio indicates the proportion of the company's assets financed by debt, with a higher ratio suggesting higher debt levels relative to assets.
Analyzing the trend, we observe that the ratio increased steadily from 0.26 in March 2019 to 0.43 in September 2023, reflecting an increase in debt relative to assets during this period. However, the ratio decreased in the most recent quarter from 0.41 in December 2023 to 0.43 in September 2023. This reduction may indicate a decrease in debt levels or an increase in asset base during this period.
Overall, Fortune Brands Innovations Inc. has maintained a relatively moderate level of debt in relation to its assets, with the ratio fluctuating around 0.35 in recent quarters. It is essential for the company to carefully manage its debt levels to ensure sustainable financial health and maintain investor confidence.
Peer comparison
Dec 31, 2023