Graco Inc (GGG)
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 | 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 stockholders’ equity | US$ in thousands | 2,224,220 | 2,188,530 | 2,116,310 | 1,986,340 | 1,859,650 | 1,788,310 | -94,913 | -82,429 | 1,709,340 | 1,564,350 | 1,481,260 | 1,382,500 | 1,283,900 | 1,165,940 | 1,026,970 | 1,018,660 | 1,024,930 | 983,796 | 925,958 | 844,438 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 | 0.04 | — | — | 0.04 | 0.09 | 0.09 | 0.10 | 0.10 | 0.19 | 0.28 | 0.28 | 0.14 | 0.16 | 0.16 | 0.17 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $2,224,220K)
= 0.00
The debt-to-capital ratio of Graco Inc has shown fluctuation over the past years, ranging from 0.00 to 0.28. This ratio indicates the proportion of a company's capital that is financed through debt. In the most recent period, as of December 31, 2023, the debt-to-capital ratio was 0.00, suggesting that the company had no debt in its capital structure at that point in time.
Looking at historical data, we observe a trend of decreasing debt-to-capital ratios from 0.28 in March 2020 to 0.00 in December 2023. This reduction may signify a lower reliance on debt financing or successful debt repayment strategies by the company.
It is important to note that a lower debt-to-capital ratio generally indicates a lower financial risk, as the company is less reliant on debt to finance its operations. Companies with lower debt-to-capital ratios may be better positioned to weather economic downturns and financial challenges. Additionally, a decreasing trend in this ratio over time could signal improved financial health and stronger capital structure management by Graco Inc.
Peer comparison
Dec 31, 2023