Fortune Brands Innovations Inc. (FBIN)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,173,700 | 2,277,800 | 2,401,700 | 3,044,700 | 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 |
| Total assets | US$ in thousands | 6,561,800 | 6,598,400 | 6,673,900 | 6,791,500 | 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 |
| Debt-to-assets ratio | 0.33 | 0.35 | 0.36 | 0.45 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,173,700K ÷ $6,561,800K
= 0.33
The debt-to-assets ratio of Fortune Brands Innovations Inc. has shown some fluctuation over the past few years, ranging from 0.29 to 0.45. The ratio indicates the proportion of the company's assets that are financed by debt, with a higher ratio suggesting higher financial leverage and potential financial risk.
From March 31, 2020, to March 31, 2024, the debt-to-assets ratio has generally been increasing, reaching a peak of 0.45 on March 31, 2024. This upward trend may signal that Fortune Brands has been relying more on debt to fund its operations and investments during this period.
However, it is important to note that the debt-to-assets ratio alone does not provide a complete picture of the company's overall financial health. It should be analyzed alongside other financial metrics and factors to assess the company's ability to meet its debt obligations and manage its financial risks effectively.
Peer comparison
Dec 31, 2024