Graco Inc (GGG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 | 0.04 | — | — | 0.04 | 0.10 | 0.10 | 0.11 | 0.12 | 0.24 | 0.39 | 0.39 | 0.16 | 0.20 | 0.19 | 0.21 |
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 fluctuated over the periods shown in the table. In the most recent period, as of December 31, 2023, the company had a debt-to-equity ratio of 0.00, indicating that the company had no debt and therefore the ratio is effectively 0. This could suggest that the company funded its operations primarily through equity rather than debt.
Looking back over the previous quarters, the debt-to-equity ratio was relatively stable at around 0.04 during the first half of 2023, indicating a conservative level of debt relative to equity. However, there was a slight increase in the ratio to 0.10 by September 30, 2021, indicating a higher proportion of debt in the company's capital structure.
The ratio then increased further to 0.39 by June 30, 2020, suggesting a significant increase in debt relative to equity. However, this trend reversed in the subsequent periods, with the ratio decreasing to 0.16 by March 31, 2020, and fluctuating between 0.16 and 0.24 until March 31, 2022.
Overall, the debt-to-equity ratio of Graco Inc has shown variability over the periods analyzed, with fluctuations reflecting changes in the company's financing strategies and capital structure. A lower ratio indicates a lower reliance on debt for funding, while a higher ratio may suggest a higher level of leverage and financial risk.
Peer comparison
Dec 31, 2023