Interpublic Group of Companies Inc (IPG)
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 | 2,917,500 | 2,916,200 | 2,915,400 | 2,871,500 | 2,870,700 | 2,902,500 | 2,906,100 | 2,908,100 | 2,908,600 | 2,908,300 | 2,907,900 | 2,906,900 | 2,915,800 | 3,411,300 | 3,411,700 | 3,410,900 | 2,771,900 | 3,367,100 | 3,563,800 | 3,663,700 |
| Total assets | US$ in thousands | 19,267,300 | 17,027,300 | 17,110,000 | 16,664,100 | 18,811,700 | 16,875,200 | 17,249,200 | 17,880,900 | 19,909,200 | 17,805,300 | 17,321,700 | 16,349,700 | 18,042,700 | 16,074,700 | 14,896,900 | 16,428,900 | 17,751,900 | 15,997,600 | 16,526,900 | 16,050,000 |
| Debt-to-assets ratio | 0.15 | 0.17 | 0.17 | 0.17 | 0.15 | 0.17 | 0.17 | 0.16 | 0.15 | 0.16 | 0.17 | 0.18 | 0.16 | 0.21 | 0.23 | 0.21 | 0.16 | 0.21 | 0.22 | 0.23 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,917,500K ÷ $19,267,300K
= 0.15
Interpreting the debt-to-assets ratio for Interpublic Group Of Cos., Inc. over the past eight quarters reveals that the company has maintained relatively stable levels of debt in relation to its assets. The ratio has ranged from 0.15 to 0.19 during this period, indicating that a substantial portion of the company's assets is financed through debt.
A decreasing trend in the debt-to-assets ratio from Q4 2022 to Q1 2023 suggests that the company may have been reducing its level of debt relative to its asset base. However, this trend reversed in subsequent quarters, with the ratio increasing back to 0.19 by Q3 2023.
Overall, the average debt-to-assets ratio of 0.17 implies that approximately 17% of Interpublic Group's assets are funded by debt on average over the past eight quarters. This indicates that the company is not overly reliant on debt financing, which may be seen as a positive factor in terms of financial stability and risk management.
Further analysis of the company's debt levels, asset composition, and overall financial health would be necessary to provide a more comprehensive assessment of its debt-to-assets ratio and its implications for the company's financial performance.
Peer comparison
Dec 31, 2023