IDEX Corporation (IEX)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,325,100	1,468,700	1,190,300	1,044,400	848,864
Total stockholders’ equity	US$ in thousands	3,541,400	3,039,300	2,803,100	2,540,200	2,263,230
Debt-to-equity ratio		0.37	0.48	0.42	0.41	0.38

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,325,100K ÷ $3,541,400K
= 0.37

The debt-to-equity ratio of Idex Corporation has shown a decreasing trend over the past five years, indicating a favorable financial position in terms of leveraging debt to finance its operations. The ratio decreased from 0.48 in 2019 to 0.37 in 2023. This indicates that the company relies less on debt financing and has a stronger equity base to support its operations and growth. Overall, the declining trend in the debt-to-equity ratio suggests improved financial stability and lower financial risk for Idex Corporation.

Peer comparison

Dec 31, 2023

Company name

Symbol

Debt-to-equity ratio

IDEX Corporation

IEX

0.37

Enovis Corp

ENOV

0.14

Flowserve Corporation