Itron Inc (ITRI)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,242,420 | 1,240,950 | 1,239,770 | 455,400 | 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 |
| Total assets | US$ in thousands | 3,407,620 | 3,365,410 | 3,283,940 | 2,676,560 | 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 |
| Debt-to-assets ratio | 0.36 | 0.37 | 0.38 | 0.17 | 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 |
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 of Itron Inc has shown fluctuations over the past few years. It declined steadily from 0.43 as of March 31, 2020, to 0.17 as of March 31, 2021, indicating a reduction in debt relative to assets during this period. However, the ratio increased again to around 0.20 as of June 30, 2022, and has been relatively stable around that level since then.
A debt-to-assets ratio of 0.20 means that for every dollar of assets, the company has 20 cents of debt. This ratio suggests that Itron Inc relies moderately on debt financing to support its operations and investments. It is important to monitor changes in this ratio as it can indicate the company's ability to handle financial obligations and its overall financial health.
Peer comparison
Dec 31, 2024