Graco Inc (GGG)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 75,000 | 75,000 | 150,000 | 164,298 |
| Total stockholders’ equity | US$ in thousands | 2,224,220 | 1,859,650 | 1,709,340 | 1,283,900 | 1,024,930 |
| Debt-to-equity ratio | 0.00 | 0.04 | 0.04 | 0.12 | 0.16 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $2,224,220K
= 0.00
The debt-to-equity ratio of Graco Inc has shown a decreasing trend over the past five years, indicating an improvement in the company's overall financial structure. The ratio decreased from 0.16 in 2019 to 0.00 in 2023, suggesting that the company has significantly reduced its reliance on debt to finance its operations and investments. A lower debt-to-equity ratio signifies a lower level of financial risk and greater financial stability for the company, as it indicates a higher proportion of equity in the capital structure compared to debt. This trend could be a positive sign for investors and creditors, as it implies that Graco Inc has been managing its debt levels effectively and strengthening its financial position over time.
Peer comparison
Dec 31, 2023