Innospec Inc (IOSP)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 38,800 | 58,700 |
| Total assets | US$ in thousands | 1,734,700 | 1,797,700 | 1,700,300 | 1,732,800 | 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 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.04 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,734,700K
= 0.00
The debt-to-assets ratio for Innospec Inc has shown a consistently low and decreasing trend over the specified period. It started at 0.04 as of March 31, 2020, and gradually decreased to 0.00 by December 31, 2024. This indicates that the company has a low level of debt relative to its total assets, which can be seen as a positive indicator of financial health and stability. A decreasing trend in the debt-to-assets ratio implies that the company is effectively managing its debt levels and possibly utilizing more equity financing or paying off its debts. Overall, a decreasing debt-to-assets ratio can suggest that the company is becoming less reliant on debt to finance its operations and investments, which can enhance its financial flexibility and resilience.
Peer comparison
Dec 31, 2024