Genpact Limited (G)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,248,390 | 2,009,450 | 1,932,860 | 1,925,330 | 1,826,160 | 1,731,850 | 1,750,440 | 1,847,390 | 1,897,130 | 1,952,890 | 1,838,970 | 1,749,620 | 1,834,230 | 1,777,180 | 1,660,610 | 1,573,080 | 1,689,170 | 1,605,680 | 1,583,370 | 1,495,170 |
| Debt-to-capital ratio | 0.27 | 0.38 | 0.39 | 0.39 | 0.41 | 0.30 | 0.42 | 0.41 | 0.40 | 0.40 | 0.41 | 0.48 | 0.42 | 0.43 | 0.44 | 0.46 | 0.44 | 0.37 | 0.38 | 0.39 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $824,720K ÷ ($824,720K + $2,248,390K)
= 0.27
The debt-to-capital ratio of Genpact Ltd has shown a declining trend over the past eight quarters, indicating improved financial health in terms of leverage. The ratio decreased from 0.51 in Q1 2022 to 0.36 in Q4 2023. This suggests that the company has been reducing its reliance on debt in relation to its total capital, which may be viewed positively by investors and creditors. It is worth noting that lower debt-to-capital ratios generally signify lower financial risk and a stronger balance sheet. Overall, the trend in Genpact Ltd's debt-to-capital ratio reflects a disciplined approach towards managing its capital structure and debt levels.
Peer comparison
Dec 31, 2023