Inter Parfums Inc (IPAR)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	127,897	151,494	132,902	10,136	10,734
Total stockholders’ equity	US$ in thousands	699,393	616,782	571,920	535,835	468,004
Debt-to-capital ratio		0.15	0.20	0.19	0.02	0.02

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $127,897K ÷ ($127,897K + $699,393K)
= 0.15

Inter Parfums, Inc.'s debt-to-capital ratio has shown fluctuations over the past five years. The ratio was relatively low in 2019 and 2020 at 0.05 and 0.04, respectively, indicating that a small portion of the company's capital structure was financed by debt during those years. There was a notable increase in the ratio to 0.21 in 2021, suggesting a higher reliance on debt financing compared to the previous years. However, the ratio decreased slightly in 2022 to 0.23 before decreasing further to 0.19 in 2023.

Overall, the trend in Inter Parfums, Inc.'s debt-to-capital ratio indicates a varying level of debt utilization in the company's capital structure. Further analysis would be necessary to understand the reasons behind these fluctuations and the impact they may have on the company's financial health and risk profile.