Itron Inc (ITRI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,390,600 | 1,348,320 | 1,239,560 | 1,364,720 | 1,310,910 | 1,237,730 | 1,205,120 | 1,171,280 | 1,168,470 | 1,093,830 | 1,110,110 | 1,160,080 | 1,116,080 | 1,173,590 | 1,175,280 | 1,196,470 | 816,548 | 771,896 | 777,799 | 770,740 |
| Debt-to-capital ratio | 0.47 | 0.48 | 0.50 | 0.25 | 0.26 | 0.27 | 0.27 | 0.28 | 0.28 | 0.29 | 0.29 | 0.28 | 0.29 | 0.28 | 0.29 | 0.29 | 0.53 | 0.63 | 0.63 | 0.63 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,242,420K ÷ ($1,242,420K + $1,390,600K)
= 0.47
The debt-to-capital ratio of Itron Inc has shown a decreasing trend from 0.63 as of March 31, 2020, to 0.25 as of March 31, 2024. This indicates that the company has been gradually reducing its reliance on debt to finance its operations compared to its capital. However, there was a significant spike in the ratio in the quarter ending June 30, 2024, where it increased to 0.50. This sudden increase might suggest a potential increase in debt compared to capital during that period. Overall, maintaining a low and stable debt-to-capital ratio is generally favorable as it signifies a lower financial risk and healthier financial structure for the company. Monitoring such ratios over time can provide insights into the financial health and risk profile of the company.
Peer comparison
Dec 31, 2024