Chart Industries Inc (GTLS)

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	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-equity ratio		1.28	1.45	1.51	1.52	0.76	0.36	0.42	0.38	0.37	0.34	0.29	0.19	0.14	0.54	0.59	0.61	0.62	0.66	0.26	0.36

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,576,400K ÷ $2,786,500K
= 1.28

The debt-to-equity ratio of Chart Industries Inc has shown a general increasing trend over the past eight quarters, indicating a higher reliance on debt financing relative to equity. The ratio increased from 0.54 in Q1 2022 to 1.62 in Q1 2023 before slightly decreasing to 1.38 in Q4 2023. This significant rise in the ratio may suggest a potential increase in financial leverage and risk in the company's capital structure over time. It would be advisable for stakeholders to closely monitor this trend to assess the company's ability to manage its debt levels effectively and sustain its financial health.