Interpublic Group of Companies Inc (IPG)
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 | 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-equity ratio | 0.74 | 0.79 | 0.79 | 0.81 | 0.79 | 0.85 | 0.85 | 0.83 | 0.82 | 0.92 | 0.95 | 1.01 | 1.01 | 1.25 | 1.39 | 1.35 | 1.00 | 1.36 | 1.47 | 1.58 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,917,500K ÷ $3,942,600K
= 0.74
The debt-to-equity ratio of Interpublic Group Of Cos., Inc. has shown some fluctuations over the past eight quarters. The ratio ranged from 0.80 to 0.87, indicating that the company has been relying more on debt financing compared to equity to fund its operations and growth. Specifically, in the most recent quarter, Q4 2023, the ratio was 0.81, which suggests a slightly lower level of debt relative to equity compared to previous quarters. However, the ratio has generally remained above 0.80, indicating a significant proportion of debt in the company's capital structure.
It is important to note that a higher debt-to-equity ratio can indicate higher financial risk, as the company may have increased obligations to meet in the form of debt repayments. Investors and stakeholders should closely monitor this ratio over time to assess the company's ability to manage its debt levels and financial stability.
Peer comparison
Dec 31, 2023