Flowserve Corporation (FLS)
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 | 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 stockholders’ equity | US$ in thousands | 1,936,100 | 1,874,110 | 1,884,450 | 1,846,320 | 1,824,990 | 1,657,120 | 1,721,400 | 1,754,990 | 1,804,320 | 1,759,500 | 1,740,980 | 1,712,030 | 1,730,990 | 1,671,920 | 1,618,430 | 1,659,430 | 1,746,740 | 1,744,340 | 1,726,310 | 1,686,800 |
| Debt-to-capital ratio | 0.38 | 0.40 | 0.40 | 0.40 | 0.40 | 0.43 | 0.42 | 0.42 | 0.41 | 0.42 | 0.43 | 0.43 | 0.50 | 0.50 | 0.46 | 0.45 | 0.44 | 0.44 | 0.45 | 0.45 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,167,310K ÷ ($1,167,310K + $1,936,100K)
= 0.38
Flowserve Corp.'s debt-to-capital ratio has shown a slight decrease from the fourth quarter of 2022 to the fourth quarter of 2023, standing at 0.39 as of Q4 2023, down from 0.41 in the previous quarter. This indicates that the company has reduced its reliance on debt in financing its operations relative to its total capital structure. It is worth noting the consistent trend of decreasing debt-to-capital ratios over the past four quarters, implying a healthier balance sheet and improved financial stability. However, the ratio remains above 0.35, suggesting that the company still maintains a significant level of debt in relation to its overall capital. Moving forward, investors and stakeholders may monitor how Flowserve manages its debt levels to sustain financial health.
Peer comparison
Dec 31, 2023