Inter Parfums Inc (IPAR)

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	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 stockholders’ equity	US$ in thousands	744,871	778,476	717,077	708,103	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
Debt-to-equity ratio		0.16	0.17	0.15	0.16	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

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $115,734K ÷ $744,871K
= 0.16

Inter Parfums Inc's debt-to-equity ratio has exhibited fluctuations over the analyzed period. The ratio remained relatively low in the range of 0.02 to 0.04 from March 31, 2020, to June 30, 2021. However, there was a significant increase in the ratio to 0.24 by June 30, 2021, suggesting a higher level of debt relative to equity.

Subsequently, the ratio slightly decreased to around 0.21 by March 31, 2022, and stayed in a similar range until September 30, 2022. A notable increase to 0.25 was observed by December 31, 2022, which implied a higher proportion of debt compared to equity.

Following a peak at the end of 2022, the debt-to-equity ratio started to exhibit a decreasing trend, reaching 0.18 by December 31, 2023. The ratio further decreased to 0.15 by June 30, 2024. This declining trend suggests a reduction in the company's reliance on debt financing compared to equity during this period.

Overall, the debt-to-equity ratio analysis indicates that Inter Parfums Inc experienced fluctuations in its leverage position, with periods of higher debt levels relative to equity followed by a decreasing trend towards the end of the analyzed period.