Itron Inc (ITRI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,242,420 | 454,827 | 452,526 | 450,228 | 902,577 |
| Total assets | US$ in thousands | 3,407,620 | 2,604,260 | 2,378,080 | 2,393,790 | 2,607,020 |
| Debt-to-assets ratio | 0.36 | 0.17 | 0.19 | 0.19 | 0.35 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,242,420K ÷ $3,407,620K
= 0.36
The debt-to-assets ratio for Itron Inc has shown fluctuations over the past five years. As of December 31, 2020, the ratio stood at 0.35, indicating that 35% of the company's assets were financed by debt. Subsequently, there was a significant decrease to 0.19 by the end of 2021, and this ratio remained consistent at 0.19 through December 31, 2022.
By the end of December 31, 2023, the ratio improved further to 0.17, suggesting that the company's reliance on debt for asset financing decreased. However, by December 31, 2024, the ratio increased again to 0.36, potentially indicating a higher level of debt relative to assets at the end of that year.
Overall, the trend in Itron Inc's debt-to-assets ratio seems to show some volatility, with periods of improvement followed by slight deterioration. It is essential for stakeholders to monitor this ratio closely to assess the company's financial risk and leverage levels effectively.
Peer comparison
Dec 31, 2024