Itron Inc (ITRI)
Debt-to-assets 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 | 454,827 | 454,247 | 453,667 | 453,094 | 452,526 | 451,947 | 451,369 | 450,795 | 450,228 | 449,629 | 479,034 | 496,531 | 902,577 | 1,313,460 | 1,320,000 | 1,326,560 | 932,482 | 930,394 | 969,710 | 980,979 |
| Total assets | US$ in thousands | 2,604,260 | 2,511,410 | 2,498,640 | 2,445,920 | 2,378,080 | 2,316,780 | 2,307,600 | 2,419,820 | 2,393,790 | 2,422,770 | 2,488,580 | 2,927,970 | 2,607,020 | 3,015,920 | 3,012,140 | 3,071,750 | 2,707,840 | 2,675,890 | 2,706,350 | 2,696,620 |
| Debt-to-assets ratio | 0.17 | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.19 | 0.19 | 0.19 | 0.19 | 0.17 | 0.35 | 0.44 | 0.44 | 0.43 | 0.34 | 0.35 | 0.36 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $454,827K ÷ $2,604,260K
= 0.17
The trend in Itron Inc.'s debt-to-assets ratio over the past eight quarters shows a relatively stable pattern with slight fluctuations. The ratio has ranged between 0.17 and 0.20, indicating that the company has maintained a conservative approach towards debt relative to its total assets. A lower debt-to-assets ratio suggests that the company relies less on debt financing and has a relatively stronger financial position with a larger proportion of assets financed through equity. Overall, the consistent range of the debt-to-assets ratio indicates a prudent financial management strategy by Itron Inc. that balances debt levels with asset utilization.
Peer comparison
Dec 31, 2023