Chart Industries Inc (GTLS)
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 | 3,576,400 | 3,799,900 | 4,039,500 | 4,051,600 | 2,039,800 | 580,800 | 666,400 | 618,100 | 600,800 | 539,400 | 450,600 | 303,100 | 221,600 | 695,400 | 736,000 | 741,500 | 761,000 | 792,500 | 304,700 | 318,000 |
| Total assets | US$ in thousands | 9,102,400 | 9,020,200 | 9,407,500 | 9,248,800 | 5,901,900 | 3,069,200 | 3,167,600 | 3,085,900 | 3,043,800 | 2,981,800 | 2,830,000 | 2,652,300 | 2,570,500 | 2,452,900 | 2,452,600 | 2,423,000 | 2,481,400 | 2,497,800 | 1,983,900 | 1,913,300 |
| Debt-to-assets ratio | 0.39 | 0.42 | 0.43 | 0.44 | 0.35 | 0.19 | 0.21 | 0.20 | 0.20 | 0.18 | 0.16 | 0.11 | 0.09 | 0.28 | 0.30 | 0.31 | 0.31 | 0.32 | 0.15 | 0.17 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,576,400K ÷ $9,102,400K
= 0.39
The debt-to-assets ratio of Chart Industries Inc has exhibited some fluctuations over the past eight quarters. On a general trend, the ratio has shown an increasing pattern from Q4 2022 to Q1 2023, reaching a peak of 0.47 in Q1 2023. However, in the subsequent quarters, the ratio decreased slightly to 0.42 in Q4 2023.
This indicates that the company's level of debt in relation to its total assets has varied over this period. A higher debt-to-assets ratio suggests a greater reliance on debt financing, which can potentially increase financial risk. Conversely, a lower ratio may indicate a healthier financial position with lower debt levels relative to total assets.
It would be valuable for stakeholders to closely monitor this ratio in the future to assess the company's debt management practices and financial health. Additionally, further analysis is recommended to understand the factors driving the fluctuations in the debt-to-assets ratio and their potential impact on the company's overall financial performance and stability.