Inter Parfums Inc (IPAR)

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	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 stockholders’ equity	US$ in thousands	699,393	690,309	668,201	658,406	616,782	574,696	569,814	584,559	571,920	585,659	561,319	540,112	535,835	499,460	465,988	462,024	468,004	457,261	458,989	453,891
Debt-to-equity ratio		0.18	0.19	0.21	0.22	0.25	0.19	0.21	0.21	0.23	0.22	0.24	0.02	0.02	0.04	0.04	0.02	0.02	0.02	0.02	0.04

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $127,897K ÷ $699,393K
= 0.18

The debt-to-equity ratio of Inter Parfums, Inc. has been relatively stable over the past eight quarters, ranging between 0.21 and 0.29. This indicates that the company has been financing its operations with a mix of debt and equity.

A low debt-to-equity ratio suggests that the company has a conservative capital structure and is less reliant on debt to fund its operations. Inter Parfums, Inc. maintained a moderate debt level compared to equity, which could indicate a healthy balance between debt and equity financing.

The slight increase in the ratio from 0.21 in Q3 2022 to 0.29 in Q1 2023 may signal a potential increase in debt relative to equity during that period. It is important to monitor the trend in the debt-to-equity ratio over time to assess the company's leverage and financial risk.

Overall, based on the data provided, Inter Parfums, Inc. appears to have a reasonable level of debt in relation to equity, suggesting a balanced approach to capital structure management.