Ingredion Incorporated (INGR)
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 | 1,740,000 | 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 stockholders’ equity | US$ in thousands | 3,538,000 | 3,364,000 | 3,377,000 | 3,263,000 | 3,147,000 | 3,066,000 | 3,146,000 | 3,293,000 | 3,100,000 | 3,084,000 | 2,822,000 | 2,637,000 | 2,951,000 | 2,744,000 | 2,646,000 | 2,606,000 | 2,720,000 | 2,593,000 | 2,596,000 | 2,522,000 |
| Debt-to-capital ratio | 0.33 | 0.37 | 0.36 | 0.37 | 0.38 | 0.36 | 0.36 | 0.35 | 0.36 | 0.36 | 0.43 | 0.40 | 0.37 | 0.44 | 0.45 | 0.42 | 0.39 | 0.44 | 0.43 | 0.44 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,740,000K ÷ ($1,740,000K + $3,538,000K)
= 0.33
The debt-to-capital ratio of Ingredion Inc has been relatively stable over the past eight quarters, ranging from 0.38 to 0.45. This ratio indicates the proportion of the company's total debt to its total capital, which includes both debt and equity. A lower ratio signifies lower financial risk and indicates that a larger portion of the company's capital is funded through equity rather than debt.
The trend in Ingredion's debt-to-capital ratio shows a slight increase in the first two quarters of 2023, reaching a peak of 0.45, before slightly declining in the most recent quarter to 0.38. Overall, the company has maintained a healthy balance between debt and equity in its capital structure, suggesting a conservative approach to financial leverage.
Investors and stakeholders may be interested in monitoring this ratio to assess the company's ability to meet its financial obligations and evaluate its overall financial health.
Peer comparison
Dec 31, 2023