Interpublic Group of Companies Inc (IPG)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,917,500 | 2,870,700 | 2,908,600 | 2,915,800 | 2,771,900 |
| Total assets | US$ in thousands | 19,267,300 | 18,811,700 | 19,909,200 | 18,042,700 | 17,751,900 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,917,500K ÷ $19,267,300K
= 0.15
Interpublic Group Of Cos., Inc.'s debt-to-assets ratio has been relatively stable over the past five years, ranging from 0.15 to 0.19. The ratio indicates the proportion of the company's assets financed by debt, where a lower ratio suggests a lower level of financial risk.
In 2023, the debt-to-assets ratio decreased to 0.17 from 0.19 in 2022, showing that the company utilized less debt financing compared to its total assets. This reduction in the ratio could be a positive sign indicating improved financial stability and a lower dependence on debt to fund its operations and investments.
Overall, the trend in Interpublic Group Of Cos., Inc.'s debt-to-assets ratio suggests a prudent debt management strategy, maintaining a healthy balance between debt and assets to support its operations and growth.
Peer comparison
Dec 31, 2023