Installed Building Products Inc (IBP)
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 | 835,100 | 833,458 | 831,282 | 830,225 | 830,200 | 827,906 | 828,632 | 829,638 | 832,193 | 542,517 | 543,592 | 545,138 | 541,957 | 544,276 | 544,976 | 545,552 | 545,031 | 542,510 | 431,988 | 430,460 |
| Total assets | US$ in thousands | 1,981,300 | 1,920,960 | 1,835,940 | 1,779,560 | 1,778,900 | 1,763,850 | 1,702,090 | 1,652,750 | 1,653,200 | 1,327,130 | 1,273,620 | 1,233,620 | 1,187,680 | 1,165,440 | 1,131,050 | 1,087,060 | 1,099,480 | 1,063,680 | 916,391 | 877,709 |
| Debt-to-assets ratio | 0.42 | 0.43 | 0.45 | 0.47 | 0.47 | 0.47 | 0.49 | 0.50 | 0.50 | 0.41 | 0.43 | 0.44 | 0.46 | 0.47 | 0.48 | 0.50 | 0.50 | 0.51 | 0.47 | 0.49 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $835,100K ÷ $1,981,300K
= 0.42
Installed Building Products Inc's debt-to-assets ratio has been fluctuating over the past eight quarters. The ratio decreased from 0.49 in Q4 2022 to 0.44 in Q4 2023. This suggests that the company has reduced its reliance on debt to finance its assets during this period.
However, it's important to note that the ratio increased steadily from Q4 2022 to Q1 2023, reaching a peak of 0.52 in Q1 2023. This indicates that the company's debt levels relative to its total assets were at their highest in Q1 2023.
Overall, the trend in the debt-to-assets ratio for Installed Building Products Inc shows some volatility, with both increases and decreases observed over the past two years. It is essential for the company to closely monitor and manage its debt levels to maintain financial stability and ensure sustainable growth in the long term.
Peer comparison
Dec 31, 2023