Gartner Inc (IT)
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 | 2,448,700 | 2,449,910 | 2,451,140 | 2,452,370 | 2,453,610 | 2,454,850 | 2,455,510 | 2,456,170 | 2,456,830 | 2,457,640 | 2,457,850 | 1,949,080 | 1,958,290 | 1,957,470 | 1,937,230 | 2,035,270 | 2,043,890 | 2,051,510 | 2,059,130 | 2,094,760 |
| Total stockholders’ equity | US$ in thousands | 680,634 | 566,638 | 586,506 | 472,858 | 227,798 | -64,926 | -142,867 | 118,153 | 371,058 | 334,507 | 527,638 | 891,594 | 1,090,430 | 1,037,500 | 991,219 | 890,275 | 938,593 | 919,657 | 963,802 | 856,897 |
| Debt-to-equity ratio | 3.60 | 4.32 | 4.18 | 5.19 | 10.77 | — | — | 20.79 | 6.62 | 7.35 | 4.66 | 2.19 | 1.80 | 1.89 | 1.95 | 2.29 | 2.18 | 2.23 | 2.14 | 2.44 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,448,700K ÷ $680,634K
= 3.60
Based on the provided data, the debt-to-equity ratio of Gartner, Inc. has varied significantly over the past eight quarters. The trend shows a notable decrease from Q1 2022 to Q4 2022, with the ratio dropping from 20.84 to 10.81. Subsequently, there was a further decrease in the debt-to-equity ratio in Q1 2023 to 5.20, indicating a reduction in the company's reliance on debt relative to equity. However, this downward trend reversed in the following quarters, with the ratio increasing to 4.19 in Q2 2023, 4.34 in Q3 2023, and reaching 3.61 in Q4 2023.
The data underscores the importance of monitoring the debt-to-equity ratio as a key indicator of a company's financial health and risk profile. A higher debt-to-equity ratio generally suggests higher financial leverage and greater risk, while a lower ratio indicates a more conservative capital structure. In the case of Gartner, Inc., the recent fluctuations in the ratio may reflect strategic decisions related to capital structure management, financing choices, and business operations. It is important for stakeholders to continue monitoring this ratio to assess the company's financial stability and risk exposure.
Peer comparison
Dec 31, 2023