Installed Building Products Inc (IBP)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 835,100 | 830,200 | 832,193 | 541,957 | 545,031 |
| Total assets | US$ in thousands | 1,981,300 | 1,778,900 | 1,653,200 | 1,187,680 | 1,099,480 |
| Debt-to-assets ratio | 0.42 | 0.47 | 0.50 | 0.46 | 0.50 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $835,100K ÷ $1,981,300K
= 0.42
The debt-to-assets ratio of Installed Building Products Inc has exhibited a fluctuating trend over the past five years. The ratio decreased from 0.52 in 2019 to 0.48 in 2020, signifying a reduction in the proportion of debt relative to total assets. However, this was followed by an increase in 2021 to 0.53, indicating a higher reliance on debt to finance assets. Subsequently, in 2022, the ratio decreased to 0.49, only to decrease further to 0.44 in 2023, reflecting a lower level of debt in relation to total assets. Overall, the decreasing trend in the debt-to-assets ratio suggests that the company may be effectively managing its debt levels and potentially improving its financial stability.
Peer comparison
Dec 31, 2023