IDEX Corporation (IEX)
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 | 1,325,100 | 1,320,800 | 1,471,500 | 1,470,700 | 1,468,700 | 1,191,100 | 1,190,900 | 1,190,600 | 1,190,300 | 1,190,080 | 1,189,830 | 1,044,590 | 1,044,400 | 1,044,110 | 1,044,440 | 999,020 | 848,864 | 848,728 | 848,555 | 848,437 |
| Total stockholders’ equity | US$ in thousands | 3,541,400 | 3,387,100 | 3,278,700 | 3,229,200 | 3,039,300 | 2,802,800 | 2,788,200 | 2,899,000 | 2,803,100 | 2,726,240 | 2,672,800 | 2,609,930 | 2,540,200 | 2,396,530 | 2,261,040 | 2,229,790 | 2,263,230 | 2,163,050 | 2,112,040 | 2,055,230 |
| Debt-to-capital ratio | 0.27 | 0.28 | 0.31 | 0.31 | 0.33 | 0.30 | 0.30 | 0.29 | 0.30 | 0.30 | 0.31 | 0.29 | 0.29 | 0.30 | 0.32 | 0.31 | 0.27 | 0.28 | 0.29 | 0.29 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,325,100K ÷ ($1,325,100K + $3,541,400K)
= 0.27
The debt-to-capital ratio for Idex Corporation has shown some fluctuation over the past eight quarters. The ratio has ranged from 0.27 to 0.33 during this period.
A decreasing trend in the debt-to-capital ratio may indicate a lower reliance on debt to finance the company's operations, which could be seen as positive by investors and creditors. Conversely, an increasing trend could suggest a growing reliance on debt, potentially signaling increased financial risk.
Overall, the debt-to-capital ratio for Idex Corporation has remained relatively stable between 0.27 and 0.33, indicating a moderate level of debt in relation to the company's capital structure. Further analysis of the company's overall financial health and industry norms would be necessary to provide a more comprehensive assessment of its leverage position.
Peer comparison
Dec 31, 2023