Fortune Brands Innovations Inc. (FBIN)
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 | 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 stockholders’ equity | US$ in thousands | 2,293,400 | 2,219,000 | 2,177,100 | 2,082,500 | 2,086,900 | 3,030,100 | 2,952,400 | 2,914,800 | 3,064,800 | 3,054,600 | 3,043,500 | 2,924,400 | 2,775,500 | 2,628,600 | 2,461,800 | 2,357,000 | 2,426,600 | 2,335,400 | 2,343,500 | 2,245,500 |
| Debt-to-capital ratio | 0.54 | 0.56 | 0.55 | 0.50 | 0.50 | 0.48 | 0.53 | 0.54 | 0.43 | 0.46 | 0.46 | 0.48 | 0.48 | 0.44 | 0.48 | 0.46 | 0.42 | 0.45 | 0.42 | 0.49 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,670,100K ÷ ($2,670,100K + $2,293,400K)
= 0.54
The debt-to-capital ratio of Fortune Brands Innovations Inc. has shown some fluctuations over the time period examined. The ratio ranged between 0.42 and 0.56 during the 4-year period. The trend indicates that the company's reliance on debt to finance its operations and investments has varied, with some quarters showing higher levels of debt relative to capital and others showing lower levels.
Notably, the ratio was highest at 0.56 in September 2023, indicating a relatively higher proportion of debt in the company's capital structure at that time. Conversely, the lowest ratio of 0.42 was observed in March 2020, signifying a lower level of debt relative to capital in the company's financial mix.
Overall, the varying debt-to-capital ratio suggests that Fortune Brands Innovations Inc. has been managing its debt and capital structure dynamically over the years, responding to changing market conditions and financial needs. Investors and stakeholders may monitor this ratio closely to assess the company's financial risk and leverage position.
Peer comparison
Dec 31, 2023