Installed Building Products Inc (IBP)
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 | 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-equity ratio | 1.25 | 1.33 | 1.48 | 1.64 | 1.68 | 1.81 | 2.07 | 2.13 | 2.00 | 1.38 | 1.50 | 1.60 | 1.70 | 1.79 | 2.00 | 2.22 | 2.18 | 2.38 | 2.10 | 2.26 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $835,100K ÷ $670,300K
= 1.25
The debt-to-equity ratio of Installed Building Products Inc has been fluctuating over the past eight quarters, ranging from 1.31 to 2.22. The ratio indicates the proportion of the company's total debt to its shareholders' equity. A higher debt-to-equity ratio suggests that the company relies more on debt financing, which can increase financial risk.
The trend observed in the data shows an increase in the ratio over the quarters, peaking at 2.22 in Q1 2022. This indicates that the company's debt levels relative to its equity have been rising steadily during this period. It is important to note that a high debt-to-equity ratio may make it more challenging for the company to obtain additional financing or service its existing debt obligations.
Overall, the fluctuating trend in Installed Building Products Inc's debt-to-equity ratio suggests varying levels of leverage and financial risk, which should be carefully monitored by investors and stakeholders.
Peer comparison
Dec 31, 2023