Innospec Inc (IOSP)
Debt-to-equity 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-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 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.04 | 0.06 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,211,200K
= 0.00
The debt-to-equity ratio of Innospec Inc has shown a consistently low and decreasing trend from March 31, 2020, to December 31, 2024. The ratio was 0.06 as of March 31, 2020, indicating that for every dollar of equity, the company had $0.06 in debt.
The ratio decreased to 0.04 as of June 30, 2020, and then to 0.00 as of December 31, 2020, and remained at 0.00 for the subsequent reporting periods up to December 31, 2024. This indicates that the company has either reduced its debt levels significantly or increased its equity through the issuance of new shares or retained earnings.
A debt-to-equity ratio of 0.00 signifies that the company has no debt relative to its equity, which could be a positive sign for investors and creditors as it indicates a lower financial risk and a strong financial position. Overall, the decreasing trend in the debt-to-equity ratio showcases a sound capital structure management by Innospec Inc over the analyzed period.
Peer comparison
Dec 31, 2024