Interpublic Group of Companies Inc (IPG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,942,600 | 3,680,200 | 3,686,300 | 3,559,300 | 3,614,600 | 3,404,600 | 3,436,700 | 3,487,000 | 3,526,000 | 3,171,400 | 3,062,900 | 2,874,000 | 2,895,000 | 2,722,600 | 2,450,400 | 2,532,500 | 2,775,900 | 2,469,000 | 2,423,900 | 2,315,300 |
| Debt-to-capital ratio | 0.43 | 0.44 | 0.44 | 0.45 | 0.44 | 0.46 | 0.46 | 0.45 | 0.45 | 0.48 | 0.49 | 0.50 | 0.50 | 0.56 | 0.58 | 0.57 | 0.50 | 0.58 | 0.60 | 0.61 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,917,500K ÷ ($2,917,500K + $3,942,600K)
= 0.43
Interpublic Group Of Cos., Inc. has maintained a relatively stable debt-to-capital ratio over the past eight quarters, ranging from 0.44 to 0.46. This indicates that the company's level of debt in relation to its total capital has remained fairly consistent during this period. A debt-to-capital ratio of around 0.45 to 0.46 suggests that Interpublic Group Of Cos., Inc. finances approximately 45-46% of its total capital through debt, while the remaining percentage is funded by equity. This ratio provides insight into the company's capital structure and its reliance on debt financing, with Interpublic Group Of Cos., Inc. appearing to have a moderate level of debt relative to its total capital across the quarters analyzed.
Peer comparison
Dec 31, 2023