Ingersoll Rand Inc (IR)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,783,800 | 9,554,000 | 9,414,800 | 9,317,300 | 9,195,800 | 8,750,900 | 8,776,900 | 8,992,200 | 9,001,500 | 8,653,600 | 9,277,900 | 8,956,700 | 9,119,700 | 8,771,700 | 8,574,900 | 8,686,200 | 1,869,900 | 1,790,500 | 1,785,300 | 1,737,700 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $9,783,800K
= 0.00
The debt-to-equity ratio of Ingersoll-Rand Inc has been relatively stable over the past eight quarters, ranging from 0.28 to 0.38. A decreasing trend in the ratio indicates that the company is relying less on debt financing compared to its equity. This could be seen as a positive sign by investors and creditors as it may imply a lower financial risk and improved financial stability for the company. However, a ratio above 0.5 would suggest that the company is relying more on debt, which could increase financial risk. Overall, maintaining a moderate debt-to-equity ratio indicates a balanced capital structure for Ingersoll-Rand Inc, which could support sustainable growth and profitability in the long term.
Peer comparison
Dec 31, 2023