Inter Parfums Inc (IPAR)

Debt-to-assets 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	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	10,734	10,606	10,477	15,971
Total assets	US$ in thousands	1,369,330	1,394,400	1,351,660	1,380,210	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	828,832	800,428	815,192	824,482
Debt-to-assets ratio		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	0.01	0.01	0.01	0.02

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $127,897K ÷ $1,369,330K
= 0.09

Inter Parfums, Inc.'s debt-to-assets ratio has shown some fluctuation over the past eight quarters, ranging from 0.11 to 0.14. Generally, a lower debt-to-assets ratio indicates a lower level of financial risk, as it suggests that the company has lower debt relative to its total assets. In this case, the company's ratio has been relatively stable around the 0.12 to 0.14 range, indicating that Inter Parfums maintains a conservative capital structure with a relatively low level of debt compared to its total assets. This suggests that the company may have a strong financial position and may be capable of handling its debt obligations effectively. However, it is essential to monitor any significant changes in the ratio to assess potential shifts in the company's financial risk profile.