Gartner Inc (IT)
Debt-to-equity 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-equity ratio | 3.60 | 10.77 | 6.62 | 1.80 | 2.18 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,448,700K ÷ $680,634K
= 3.60
The debt-to-equity ratio for Gartner, Inc. has shown fluctuations over the past five years. In 2023, the ratio stands at 3.61, reflecting a decrease from the previous year. However, it remains relatively high compared to the ratios in 2021 and 2020. The ratio was notably elevated in 2022 at 10.81, indicating a significant increase in debt relative to equity. This spike could potentially signal higher financial leverage or risk for the company during that period. In contrast, the ratios in 2021, 2020, and 2019 were 6.64, 1.81, and 2.33 respectively, showing varying levels of debt compared to equity over those years. Overall, the trend in Gartner's debt-to-equity ratio suggests changes in the company's capital structure and financial risk profile over the analyzed period.
Peer comparison
Dec 31, 2023