Franklin Electric Co Inc (FELE)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,206,720 | 1,067,860 | 946,501 | 847,833 | 796,545 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,206,720K)
= 0.00
The debt-to-capital ratio of Franklin Electric Co., Inc. has fluctuated over the past five years, as shown in the table. In 2023, the ratio stands at 0.08, indicating that the company's level of debt relative to its total capital is relatively low. This represents an improvement compared to the previous year, where the ratio was 0.17.
The decreasing trend in the debt-to-capital ratio from 2022 to 2023 suggests that Franklin Electric Co., Inc. may be reducing its reliance on debt financing and strengthening its capital structure. This could be a positive sign for the company's financial health and stability. However, it is important to consider other factors such as the company's overall financial performance and industry trends when assessing the significance of these changes in the debt-to-capital ratio.
Peer comparison
Dec 31, 2023