Ingredion Incorporated (INGR)
Debt-to-assets 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 | 1,740,000 | 1,940,000 | 1,939,000 | 1,938,000 | 1,940,000 | 1,739,000 | 1,739,000 | 1,739,000 | 1,738,000 | 1,748,000 | 2,129,000 | 1,749,000 | 1,748,000 | 2,115,000 | 2,140,000 | 1,871,000 | 1,766,000 | 2,001,000 | 1,946,000 | 1,957,000 |
| Total assets | US$ in thousands | 7,642,000 | 7,549,000 | 7,600,000 | 7,645,000 | 7,561,000 | 7,403,000 | 7,389,000 | 7,435,000 | 6,999,000 | 6,986,000 | 7,098,000 | 6,803,000 | 6,858,000 | 6,464,000 | 6,611,000 | 5,952,000 | 6,040,000 | 6,095,000 | 5,998,000 | 5,932,000 |
| Debt-to-assets ratio | 0.23 | 0.26 | 0.26 | 0.25 | 0.26 | 0.23 | 0.24 | 0.23 | 0.25 | 0.25 | 0.30 | 0.26 | 0.25 | 0.33 | 0.32 | 0.31 | 0.29 | 0.33 | 0.32 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,740,000K ÷ $7,642,000K
= 0.23
The debt-to-assets ratio of Ingredion Inc has shown some fluctuation over the past eight quarters, ranging from 0.29 to 0.35. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio suggests less reliance on debt financing, while a higher ratio indicates higher debt levels relative to total assets.
In Q4 2023, the debt-to-assets ratio decreased to 0.29 from 0.35 in Q1 2023, reflecting a lower level of debt relative to total assets. This could signal improved financial health and lower financial risk for the company.
However, despite the decrease in Q4 2023, the ratio has generally remained relatively stable between 0.32 and 0.33 throughout the previous quarters in 2022 and 2023. This suggests that Ingredion Inc maintains a moderate level of debt compared to its total assets over this period.
Overall, the downward trend in the debt-to-assets ratio in Q4 2023 is a positive indicator, but it is important to continue monitoring this ratio in future quarters to assess the company's ongoing debt management and financial stability.
Peer comparison
Dec 31, 2023