Fortive Corp (FTV)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	3,331,100	3,646,200	2,251,600	1,807,300	2,830,300
Total stockholders’ equity	US$ in thousands	10,188,600	10,318,900	9,683,400	9,512,200	8,964,200
Debt-to-equity ratio		0.33	0.35	0.23	0.19	0.32

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,331,100K ÷ $10,188,600K
= 0.33

Based on the provided data for Fortive Corp's debt-to-equity ratio, we observed the following trend over the past five years:

- As of December 31, 2020, the debt-to-equity ratio stood at 0.32, indicating that for every dollar of equity, the company had $0.32 in debt.

- By December 31, 2021, the ratio decreased to 0.19, suggesting a lower level of debt relative to equity compared to the previous year.

- The ratio slightly increased to 0.23 by December 31, 2022, potentially indicating a moderate rise in debt compared to the prior year.

- However, by December 31, 2023, the ratio surged to 0.35, signaling a significant increase in debt relative to equity which may raise concerns about the company's leverage.

- As of the most recent data point on December 31, 2024, the debt-to-equity ratio decreased slightly to 0.33, but it remained higher than the ratios for the years 2021 and 2022.

Overall, the trend in Fortive Corp's debt-to-equity ratio shows fluctuations over the five-year period, with a notable increase in 2023 followed by a slight decline in 2024. Investors and analysts may view the changes in this ratio as indicators of the company's capital structure and financial risk management. It would be advisable to further investigate the factors driving the fluctuations to assess the company's financial health accurately.