IDEX Corporation (IEX)
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 | 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-equity ratio | 0.37 | 0.39 | 0.45 | 0.46 | 0.48 | 0.42 | 0.43 | 0.41 | 0.42 | 0.44 | 0.45 | 0.40 | 0.41 | 0.44 | 0.46 | 0.45 | 0.38 | 0.39 | 0.40 | 0.41 |
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 year. In Q4 2023, the ratio stood at 0.37, indicating that the company had $0.37 in debt for every $1 of equity. This represents a decrease from the Q1 2023 ratio of 0.46. Overall, the company has been managing its debt levels effectively relative to its equity position. This decreasing trend suggests that Idex Corporation has been reducing its reliance on debt to finance its operations or that its equity base has been increasing. A lower debt-to-equity ratio is generally viewed positively by investors and creditors as it indicates a lower level of financial risk and better financial health.
Peer comparison
Dec 31, 2023