Flowserve Corporation (FLS)
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 | 1,167,310 | 1,266,420 | 1,245,250 | 1,209,170 | 1,224,150 | 1,232,250 | 1,241,640 | 1,251,600 | 1,261,770 | 1,272,250 | 1,307,150 | 1,307,580 | 1,717,910 | 1,701,080 | 1,373,120 | 1,357,110 | 1,365,980 | 1,350,260 | 1,386,480 | 1,392,240 |
| Total assets | US$ in thousands | 5,108,720 | 4,965,210 | 4,920,020 | 4,875,750 | 4,790,630 | 4,505,990 | 4,582,730 | 4,703,010 | 4,749,770 | 5,595,920 | 4,818,670 | 4,809,640 | 5,314,680 | 5,173,580 | 4,778,380 | 4,762,070 | 4,938,280 | 4,764,490 | 4,821,210 | 4,846,500 |
| Debt-to-assets ratio | 0.23 | 0.26 | 0.25 | 0.25 | 0.26 | 0.27 | 0.27 | 0.27 | 0.27 | 0.23 | 0.27 | 0.27 | 0.32 | 0.33 | 0.29 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,167,310K ÷ $5,108,720K
= 0.23
Flowserve Corp.'s debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.24 to 0.28. This indicates that, on average, approximately 24% to 28% of the company's assets are financed by debt. The downward trend from Q4 2022 to Q4 2023 may suggest that the company is becoming less reliant on debt to fund its operations or investments. However, the ratio remains at a moderate level, indicating that Flowserve Corp. has a reasonable balance between debt and assets in its capital structure. Overall, the consistency in the debt-to-assets ratio suggests that the company has been managing its debt levels effectively while maintaining a solid asset base.
Peer comparison
Dec 31, 2023