Installed Building Products Inc (IBP)
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 | 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 stockholders’ equity | US$ in thousands | 670,300 | 628,182 | 560,672 | 505,222 | 493,500 | 457,514 | 400,601 | 390,231 | 416,840 | 392,726 | 362,540 | 340,538 | 319,182 | 304,187 | 272,736 | 245,797 | 250,031 | 227,514 | 206,002 | 190,601 |
| Debt-to-capital ratio | 0.55 | 0.57 | 0.60 | 0.62 | 0.63 | 0.64 | 0.67 | 0.68 | 0.67 | 0.58 | 0.60 | 0.62 | 0.63 | 0.64 | 0.67 | 0.69 | 0.69 | 0.70 | 0.68 | 0.69 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $835,100K ÷ ($835,100K + $670,300K)
= 0.55
Installed Building Products Inc's debt-to-capital ratio has been gradually decreasing over the past eight quarters from 0.69 in Q1 2022 to 0.57 in Q4 2023. This trend indicates that the company has been reducing its reliance on debt to finance its operations and investments. A lower debt-to-capital ratio generally signifies a healthier financial position and lower financial risk. Overall, the decreasing trend in the debt-to-capital ratio suggests that Installed Building Products Inc has been effectively managing its capital structure and debt obligations over the past two years.
Peer comparison
Dec 31, 2023