Chart Industries Inc (GTLS)
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 | 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 stockholders’ equity | US$ in thousands | 2,786,500 | 2,625,900 | 2,674,200 | 2,670,700 | 2,675,500 | 1,617,400 | 1,605,400 | 1,620,700 | 1,616,600 | 1,582,400 | 1,576,400 | 1,559,000 | 1,572,700 | 1,286,200 | 1,240,700 | 1,210,100 | 1,227,600 | 1,198,500 | 1,193,900 | 888,800 |
| Debt-to-capital ratio | 0.56 | 0.59 | 0.60 | 0.60 | 0.43 | 0.26 | 0.29 | 0.28 | 0.27 | 0.25 | 0.22 | 0.16 | 0.12 | 0.35 | 0.37 | 0.38 | 0.38 | 0.40 | 0.20 | 0.26 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,576,400K ÷ ($3,576,400K + $2,786,500K)
= 0.56
The debt-to-capital ratio of Chart Industries Inc has shown an increasing trend over the past quarters, rising from 0.46 in Q4 2022 to 0.62 in Q2 2023. This indicates that the company has been relying more on debt to finance its operations and investments in recent quarters.
The increasing trend in the debt-to-capital ratio suggests that Chart Industries Inc may be taking on more debt relative to its total capital, which could potentially increase its financial risk and interest expenses. It is important for investors and stakeholders to closely monitor this ratio and assess the company's ability to manage its debt levels effectively.