Innospec Inc (IOSP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,211,200 | 1,243,400 | 1,192,600 | 1,183,600 | 1,147,100 | 1,125,400 | 1,092,200 | 1,078,200 | 1,038,000 | 1,089,400 | 1,067,900 | 1,068,200 | 1,032,400 | 992,500 | 973,600 | 958,600 | 944,400 | -64,300 | 899,200 | 943,800 |
| Debt-to-capital 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 | — | 0.04 | 0.06 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,211,200K)
= 0.00
The debt-to-capital ratio for Innospec Inc has shown a consistent decline over the past few years. As of December 31, 2020, the ratio was 0.00, indicating that the company had no debt relative to its total capital at that time. This trend has continued through the following quarters, with the ratio remaining at 0.00 up to December 31, 2024.
A debt-to-capital ratio of 0.00 signifies that the company's capital structure is predominantly equity-funded rather than debt-funded. This can be viewed positively by investors and creditors as it indicates a lower level of financial risk and leverage for the company. Innospec Inc's ability to maintain a low debt-to-capital ratio suggests financial stability and a strong balance sheet position, which may enhance its creditworthiness in the eyes of lenders and investors.
Peer comparison
Dec 31, 2024