Innospec Inc (IOSP)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 0 | 58,600 |
| Total stockholders’ equity | US$ in thousands | 1,147,100 | 1,038,000 | 1,032,400 | 944,400 | -74,400 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,147,100K)
= 0.00
The debt-to-capital ratio of Innospec Inc has been consistently at 0.00% for the past four years, with a slight increase to 0.06% in 2019. This indicates that the company has been operating with minimal debt relative to its total capital structure. A debt-to-capital ratio of 0.00% suggests that the company's capital is primarily funded by equity rather than debt, presenting a lower financial risk and a stronger solvency position. It also indicates that the company has not relied heavily on borrowing to finance its operations and investment activities. Overall, a stable and low debt-to-capital ratio reflects a conservative financial strategy and potentially greater financial stability for Innospec Inc.
Peer comparison
Dec 31, 2023