Fortive Corp (FTV)

Debt-to-equity ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	3,331,100	3,451,800	3,396,400	3,941,700	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
Total stockholders’ equity	US$ in thousands	10,188,600	10,554,900	10,499,300	10,476,700	10,318,900	10,077,800	9,965,800	9,869,900	9,683,400	9,390,800	9,444,300	9,561,400	9,512,200	9,318,000	9,205,000	9,009,000	8,964,200	7,676,100	7,395,300	7,242,100
Debt-to-equity ratio		0.33	0.33	0.32	0.38	0.35	0.20	0.20	0.21	0.23	0.27	0.28	0.29	0.19	0.15	0.16	0.16	0.32	0.61	0.63	0.80

December 31, 2024 calculation

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

The debt-to-equity ratio of Fortive Corp has shown a declining trend over the past few years. Starting at 0.80 in March 31, 2020, the ratio decreased steadily to 0.16 by March 31, 2021, indicating a reduction in the company's reliance on debt financing and a strengthening of its equity position.

However, from March 31, 2021, to December 31, 2022, the ratio started to increase gradually, reaching 0.35 by December 31, 2023. This uptrend suggests a relative increase in debt compared to equity during this period.

Subsequently, the debt-to-equity ratio decreased to 0.32 by June 30, 2024, before stabilizing around the 0.33 range in the most recent quarters. Overall, while the ratio fluctuated during the period analyzed, it remained within a moderate range, indicating a balanced mix of debt and equity in Fortive Corp's capital structure.