Franklin Electric Co Inc (FELE)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,206,720 | 1,180,430 | 1,146,660 | 1,092,430 | 1,067,860 | 1,025,180 | 986,087 | 961,707 | 946,501 | 923,015 | 901,299 | 861,429 | 847,833 | 810,569 | 773,864 | 751,179 | 796,545 | 775,194 | 759,188 | 734,095 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,206,720K
= 0.00
The debt-to-equity ratio of Franklin Electric Co., Inc. has varied over the past eight quarters. The ratio indicates the proportion of the company's financing that comes from debt compared to shareholders' equity. A lower ratio suggests that the company is relying more on equity financing, while a higher ratio indicates a greater reliance on debt.
The trend in Franklin Electric's debt-to-equity ratio shows fluctuations, ranging from as low as 0.08 to as high as 0.32. In the most recent quarter, Q4 2023, the ratio was at its lowest point over the period at 0.08, indicating a conservative approach to leveraging debt. This could imply a lower financial risk as the company has less debt relative to its equity.
On the other hand, the ratio peaked at 0.32 in Q2 2022, signifying a higher level of debt compared to equity. This could indicate increased financial risk and potentially higher interest expenses for the company.
Overall, monitoring Franklin Electric's debt-to-equity ratio can provide insights into the company's financing decisions and financial health. A consistent downward trend in the ratio may indicate a more financially stable position, while significant fluctuations could suggest changes in the company's capital structure and risk profile.
Peer comparison
Dec 31, 2023