Fortive Corp (FTV)

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	3,646,200	1,982,100	1,978,200	2,094,600	2,251,600	2,559,000	2,682,200	2,738,900	1,807,300	1,442,100	1,441,800	1,441,500	2,830,300	4,699,200	4,686,200	5,826,100	4,826,200	5,015,600	5,196,500	4,728,300
Total assets	US$ in thousands	16,911,800	15,664,400	15,730,700	15,804,800	15,890,600	15,893,100	16,070,900	16,266,400	16,465,500	14,976,100	14,495,500	14,278,900	16,051,500	17,199,700	16,705,700	16,931,700	17,439,000	16,660,400	16,468,100	15,656,200
Debt-to-assets ratio		0.22	0.13	0.13	0.13	0.14	0.16	0.17	0.17	0.11	0.10	0.10	0.10	0.18	0.27	0.28	0.34	0.28	0.30	0.32	0.30

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,646,200K ÷ $16,911,800K
= 0.22

The debt-to-assets ratio for Fortive Corp has exhibited some fluctuations over the past eight quarters. The ratios ranged from 0.17 to 0.23 during this period.

In Q4 2023, the debt-to-assets ratio increased to 0.22 from the previous quarter's ratio of 0.17. This suggests that the company's level of debt in relation to its total assets increased during this period.

Looking at the trend over the past year, the ratio has generally been in the range of 0.19 to 0.23, indicating that Fortive Corp maintains a moderate level of debt in comparison to its asset base. A ratio of around 0.20 suggests that approximately 20% of the company's assets are financed by debt.

It is important to consider that the optimal debt-to-assets ratio can vary between industries and company strategies. A lower ratio indicates less reliance on debt for financing, while a higher ratio may suggest a riskier financial position. Fortive Corp's ratios indicate a moderate level of leverage that the company uses to finance its operations and investments.