Innospec Inc (IOSP)
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 | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 38,800 | 58,700 | 58,600 | 131,200 | 136,500 | 186,300 |
| Total stockholders’ equity | US$ in thousands | 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 | -74,400 | 881,800 | 862,700 | 848,400 |
| Debt-to-equity 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 | — | 0.04 | 0.06 | — | 0.15 | 0.16 | 0.22 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,147,100K
= 0.00
Based on the data provided, Innospec Inc has consistently reported a debt-to-equity ratio of 0.00 across all quarters from Q1 2022 to Q4 2023. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This suggests that the company has been utilizing a financing structure that relies primarily on equity financing rather than debt.
A debt-to-equity ratio of 0.00 may indicate a conservative financial strategy, as the company is not heavily reliant on debt to finance its operations or growth. It could also suggest that the company has strong financial stability and may be less exposed to the risks associated with high levels of debt.
Overall, based on the consistent debt-to-equity ratio of 0.00 reported by Innospec Inc, it appears that the company has maintained a capital structure that is relatively low in debt and potentially well-managed in terms of financial risk.
Peer comparison
Dec 31, 2023