Itron Inc (ITRI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 776,538 | 737,289 | 723,302 | 709,405 |
| Debt-to-capital ratio | 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 | 0.55 | 0.56 | 0.57 | 0.58 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $454,827K ÷ ($454,827K + $1,310,910K)
= 0.26
The debt-to-capital ratio of Itron Inc. has been relatively stable over the past eight quarters, ranging from 0.26 to 0.29. This ratio measures the proportion of a company's capital that is financed through debt, with the rest being funded by equity.
The trend indicates that Itron Inc. has maintained a moderate level of debt relative to its total capital structure during the period analyzed. A consistent ratio suggests that the company has been prudent in managing its debt obligations and maintaining a balanced capital structure.
Overall, the debt-to-capital ratio data indicates that Itron Inc. has been mindful of its leverage levels and has not significantly increased its reliance on debt financing. This stability in the ratio over time could imply that the company has a manageable debt burden and is maintaining financial stability.
Peer comparison
Dec 31, 2023