Gartner Inc (IT)
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 | 2,448,700 | 2,453,610 | 2,456,830 | 1,958,290 | 2,043,890 |
| Total assets | US$ in thousands | 7,835,920 | 7,299,740 | 7,416,320 | 7,315,970 | 7,151,290 |
| Debt-to-assets ratio | 0.31 | 0.34 | 0.33 | 0.27 | 0.29 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,448,700K ÷ $7,835,920K
= 0.31
The debt-to-assets ratio of Gartner, Inc. has shown some fluctuations over the past five years. The ratio was 0.31 at the end of 2023, slightly lower than the previous year but relatively consistent with the ratios observed in 2021 and 2019. This indicates that for every dollar of assets, the company had $0.31 of debt in 2023.
In 2022, the ratio increased to 0.34, reaching its peak over the period analyzed. This suggests that the company had a higher level of debt relative to its assets in that year. However, the ratio decreased to 0.33 in 2021, showing a slight improvement in the company's debt management.
The lowest ratio was recorded in 2020 at 0.27, indicating that the company had lower indebtedness in relation to its assets that year. Overall, the trend in the debt-to-assets ratio for Gartner, Inc. demonstrates a varying but relatively stable level of debt utilization over the past five years.
Peer comparison
Dec 31, 2023