Innospec Inc (IOSP)
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 | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 38,800 | 58,700 | 58,600 | 131,200 | 136,500 | 186,300 |
| Total assets | US$ in thousands | 1,707,400 | 1,618,600 | 1,610,800 | 1,624,100 | 1,603,700 | 1,669,200 | 1,637,900 | 1,623,800 | 1,570,900 | 1,492,400 | 1,461,800 | 1,426,100 | 1,397,400 | 1,343,700 | 1,339,000 | 1,455,300 | 1,468,800 | 1,494,400 | 1,489,600 | 1,526,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.04 | 0.04 | 0.09 | 0.09 | 0.12 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,707,400K
= 0.00
The debt-to-assets ratio of Innospec Inc has consistently been reported as 0.00 for the periods indicated in the table. This suggests that the company has not taken on any debt as a source of financing relative to its assets during these periods. A debt-to-assets ratio of 0.00 typically indicates that the company's assets are fully financed by equity rather than debt, which could be a positive sign of financial strength, lower financial risk, and potentially lower interest expense. However, it is important to note that a very low or zero debt-to-assets ratio may also indicate missed opportunities for leveraging debt for potential growth or tax benefits. Overall, further analysis of the company's capital structure, financial policies, and future growth strategies would be necessary to fully evaluate the implications of this consistent ratio.
Peer comparison
Dec 31, 2023