Flowserve Corporation (FLS)

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	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-equity ratio		0.60	0.68	0.66	0.65	0.67	0.74	0.72	0.71	0.70	0.72	0.75	0.76	0.99	1.02	0.85	0.82	0.78	0.77	0.80	0.83

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,167,310K ÷ $1,936,100K
= 0.60

Flowserve Corp.'s debt-to-equity ratio has shown a declining trend over the past two years, with a slight increase in the most recent quarter. The ratio decreased from 0.77 in Q3 2022 to 0.64 in Q4 2023, indicating a reduction in the company's reliance on debt compared to shareholder equity. A lower debt-to-equity ratio suggests a stronger financial position and less risk for the company. However, the recent uptick from 0.68 in Q1 2023 to 0.71 in Q3 2023 may indicate a potential shift in the company's financing strategy towards increased debt. Overall, monitoring this ratio closely in the upcoming quarters will be important to assess any significant changes in Flowserve Corp.'s leverage and financial risk profile.

Peer comparison

Dec 31, 2023

Company name

Symbol

Debt-to-equity ratio

Flowserve Corporation

FLS

0.60