Itron Inc (ITRI)
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 | 454,827 | 452,526 | 450,228 | 902,577 | 932,482 |
| Total assets | US$ in thousands | 2,604,260 | 2,378,080 | 2,393,790 | 2,607,020 | 2,707,840 |
| Debt-to-assets ratio | 0.17 | 0.19 | 0.19 | 0.35 | 0.34 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $454,827K ÷ $2,604,260K
= 0.17
The debt-to-assets ratio of Itron Inc. has exhibited a decreasing trend over the past five years, indicating improved financial stability and lower reliance on debt financing to fund its operations. As of December 31, 2023, the ratio stands at 0.17, down from 0.19 in both 2022 and 2021. This trend suggests that the company has been effectively managing its debt levels in relation to its total assets, potentially reducing its financial risk and enhancing its creditworthiness. In comparison to 2020 and 2019, where the ratio was notably higher at 0.35 and 0.34 respectively, the company has made significant progress in optimizing its capital structure and strengthening its financial position.
Peer comparison
Dec 31, 2023