Fortive Corp (FTV)

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	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 stockholders’ equity	US$ in thousands	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	7,387,000	7,151,700	7,011,600	6,850,700
Debt-to-equity ratio		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	0.65	0.70	0.74	0.69

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,646,200K ÷ $10,318,900K
= 0.35

The debt-to-equity ratio of Fortive Corp has been showing a fluctuating trend over the past eight quarters. The ratio ranged from 0.27 to 0.39 during this period. In general, a lower debt-to-equity ratio indicates that the company relies less on debt financing and has a stronger equity base to fund its operations and growth.

Fortive Corp's debt-to-equity ratio decreased from 0.34 in Q4 2022 to 0.27 in Q3 2023, indicating a significant reduction in debt relative to equity. However, the ratio increased to 0.35 in Q4 2023, suggesting that the company may have taken on additional debt in the most recent quarter. It is important to monitor this ratio in conjunction with other financial metrics to assess the overall financial health and risk profile of the company.