Ingredion Incorporated (INGR)
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 | 1,740,000 | 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-equity ratio | 0.49 | 0.58 | 0.57 | 0.59 | 0.62 | 0.57 | 0.55 | 0.53 | 0.56 | 0.57 | 0.75 | 0.66 | 0.59 | 0.77 | 0.81 | 0.72 | 0.65 | 0.77 | 0.75 | 0.78 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,740,000K ÷ $3,538,000K
= 0.49
The debt-to-equity ratio of Ingredion Inc has fluctuated over the past eight quarters, ranging from 0.62 to 0.81. The trend indicates that the company's reliance on debt as a source of financing relative to equity has varied.
A lower debt-to-equity ratio generally suggests a lower level of financial risk as it indicates less dependence on debt for funding operations. In contrast, a higher ratio may imply higher financial risk due to increased debt levels.
In Q1 and Q2 of 2023, the company experienced a slight increase in the debt-to-equity ratio, reaching 0.73 and 0.81, respectively. This might indicate a potential increase in debt relative to equity during this period.
Conversely, in Q4 of 2023, the ratio decreased to 0.62, which could suggest a reduction in debt levels or an increase in equity. This decline in the ratio may signal improved financial stability and a lower risk profile for the company compared to the previous quarters.
Overall, a careful monitoring of Ingredion Inc's debt-to-equity ratio is essential to assess its capital structure, financial health, and risk management strategies.
Peer comparison
Dec 31, 2023