Inter Parfums Inc (IPAR)
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 | ||
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Long-term debt | US$ in thousands | 115,734 | 134,585 | 108,482 | 115,926 | 127,897 | 128,983 | 138,565 | 145,128 | 151,494 | 107,942 | 117,354 | 125,164 | 132,902 | 126,636 | 133,244 | 9,173 | 10,136 | 19,384 | 18,858 | 9,781 |
Total assets | US$ in thousands | 1,411,260 | 1,480,600 | 1,363,990 | 1,349,180 | 1,369,330 | 1,394,400 | 1,351,660 | 1,369,330 | 1,308,540 | 1,111,190 | 1,102,450 | 1,162,210 | 1,145,360 | 1,126,550 | 1,108,320 | 1,145,360 | 890,145 | 816,181 | 753,719 | 781,432 |
Debt-to-assets ratio | 0.08 | 0.09 | 0.08 | 0.09 | 0.09 | 0.09 | 0.10 | 0.11 | 0.12 | 0.10 | 0.11 | 0.11 | 0.12 | 0.11 | 0.12 | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $115,734K ÷ $1,411,260K
= 0.08
Inter Parfums Inc's debt-to-assets ratio has fluctuated over the past years, ranging between 0.01 to 0.12. The ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests that a smaller portion of the assets is funded by debt, which can be considered favorable as it implies lower financial risk and greater financial stability.
The trend shows that the company's debt-to-assets ratio remained relatively low in the initial years, indicating a conservative approach towards debt financing. However, there was a notable increase in the ratio in the middle years, reaching as high as 0.12, which may indicate an increase in debt levels relative to the assets.
In the later years, the ratio started to decline again, reflecting a potential effort to reduce debt levels or increase asset holdings. Overall, based on the data provided, Inter Parfums Inc seems to have maintained a generally reasonable level of debt relative to its assets, but it is essential for the company to continue monitoring and managing its debt levels effectively to ensure long-term financial health.
Peer comparison
Dec 31, 2024