Gartner Inc (IT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 680,634 | 227,798 | 371,058 | 1,090,430 | 938,593 |
| Debt-to-capital ratio | 0.78 | 0.92 | 0.87 | 0.64 | 0.69 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,448,700K ÷ ($2,448,700K + $680,634K)
= 0.78
The debt-to-capital ratio of Gartner, Inc. has fluctuated over the past five years. It stood at 0.70 in 2019, increased to 0.64 in 2020, and then showed a rising trend reaching 0.87 in 2021. However, in 2022, there was a spike in the ratio to 0.92, indicating a higher proportion of debt to capital. The ratio decreased in 2023 to 0.78 but still remains relatively high compared to previous years. This suggests that Gartner, Inc. has been relying more on debt financing in recent years compared to equity financing. Further analysis involving trends in the company's debt and capital structure would provide additional insight into the firm's financial leverage and risk profile.
Peer comparison
Dec 31, 2023