Graco Inc (GGG)
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 | 0 | 0 | 0 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 150,000 | 150,000 | 150,000 | 150,000 | 275,000 | 400,000 | 400,000 | 164,298 | 192,101 | 179,081 | 173,738 |
| Total assets | US$ in thousands | 2,722,010 | 2,674,920 | 2,707,720 | 2,546,260 | 2,438,900 | 2,438,200 | 2,404,280 | 2,319,440 | 2,443,200 | 2,377,330 | 2,229,200 | 2,087,720 | 1,988,130 | 1,994,000 | 1,962,460 | 1,947,340 | 1,692,210 | 1,637,420 | 1,640,550 | 1,549,050 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.06 | 0.07 | 0.07 | 0.08 | 0.14 | 0.20 | 0.21 | 0.10 | 0.12 | 0.11 | 0.11 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $2,722,010K
= 0.00
The debt-to-assets ratio for Graco Inc has shown a fluctuating trend over the past few years. It remained relatively stable at around 0.03 to 0.06 from December 2019 to September 2021, indicating a conservative level of debt compared to the total assets.
However, there was a noticeable increase in the ratio to 0.08 by December 2021, followed by further increases to 0.14 and 0.20 in September and December 2022, respectively. This suggests that Graco Inc took on more debt relative to its total assets during this period, which could indicate increased leverage and potential financial risk.
The ratio decreased slightly to 0.21 by March 2020, before dropping significantly to 0.10 by December 2020. Subsequently, there were some fluctuations between 0.10 and 0.12 up to September 2023, indicating a more moderate level of debt compared to assets in recent periods.
Overall, the debt-to-assets ratio for Graco Inc has shown variability over the past few years, with periods of increased leverage followed by reductions in debt levels. It is important for investors and stakeholders to monitor this ratio to assess the company's financial leverage and risk exposure over time.
Peer comparison
Dec 31, 2023