Franklin Electric Co Inc (FELE)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,728,100 | 1,725,300 | 1,803,080 | 1,803,450 | 1,694,200 | 1,715,000 | 1,751,540 | 1,683,200 | 1,575,200 | 1,546,000 | 1,510,800 | 1,281,680 | 1,272,300 | 1,201,440 | 1,151,330 | 1,149,530 | 1,194,700 | 1,236,940 | 1,269,660 | 1,228,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,728,100K
= 0.00
The debt-to-assets ratio of Franklin Electric Co., Inc. has shown fluctuations over the past eight quarters. The ratio has ranged from a low of 0.06 in Q4 2023 to a high of 0.18 in Q2 2022.
A lower debt-to-assets ratio indicates that the company relies less on debt financing to fund its operations and investments, while a higher ratio suggests a greater reliance on debt. In this case, the company's ratio has generally been below 0.20, indicating a relatively low level of debt compared to its total assets.
The decrease from 0.18 in Q2 2022 to 0.06 in Q4 2023 suggests a significant reduction in the proportion of debt in relation to assets. This may reflect improved financial health and reduced financial risk for the company. However, it's important to monitor future trends to assess the company's ongoing financial stability and management of debt levels.
Overall, Franklin Electric Co., Inc. appears to have maintained a prudent approach to managing its debt in relation to its assets over the past eight quarters, with the most recent ratio indicating a relatively conservative debt structure.
Peer comparison
Dec 31, 2023