Genpact Limited (G)
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 | 824,720 | 1,230,420 | 1,236,660 | 1,242,910 | 1,249,150 | 746,613 | 1,256,270 | 1,264,370 | 1,272,480 | 1,280,570 | 1,288,660 | 1,646,230 | 1,307,370 | 1,315,480 | 1,323,580 | 1,331,690 | 1,339,800 | 950,908 | 959,151 | 966,873 |
| Total assets | US$ in thousands | 4,805,710 | 4,598,770 | 4,482,340 | 4,505,840 | 4,588,810 | 4,536,670 | 4,540,380 | 4,971,270 | 4,975,270 | 5,049,130 | 4,898,590 | 4,787,920 | 4,873,510 | 4,803,640 | 4,846,090 | 4,402,780 | 4,454,180 | 4,097,760 | 4,012,760 | 3,904,810 |
| Debt-to-assets ratio | 0.17 | 0.27 | 0.28 | 0.28 | 0.27 | 0.16 | 0.28 | 0.25 | 0.26 | 0.25 | 0.26 | 0.34 | 0.27 | 0.27 | 0.27 | 0.30 | 0.30 | 0.23 | 0.24 | 0.25 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $824,720K ÷ $4,805,710K
= 0.17
The debt-to-assets ratio for Genpact Ltd has been fluctuating over the past eight quarters, ranging from 0.27 to 0.39. This ratio indicates the proportion of the company's assets financed by debt.
In Q1 2022, the ratio was at its highest point of 0.39, suggesting that around 39% of Genpact's assets were funded by debt at that time. Subsequently, there was a gradual decline in the ratio over the next few quarters, reaching 0.27 in Q4 2023, the lowest point within the period analyzed.
The decreasing trend in the debt-to-assets ratio may indicate that Genpact Ltd has been reducing its reliance on debt to finance its assets over the quarters. This could be a positive signal for investors and creditors, as it suggests a lower financial risk and potentially improved financial stability for the company.
However, the ratio did experience some fluctuations within this period, hovering around the 0.3 mark for most quarters. These fluctuations may reflect changes in the company's borrowing patterns or asset base during the period.
Overall, it is essential for stakeholders to closely monitor Genpact Ltd's debt-to-assets ratio over time to assess the company's financial health, leverage levels, and risk management strategies.
Peer comparison
Dec 31, 2023