Itron Inc (ITRI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,310,910 | 1,168,470 | 1,116,080 | 816,548 | 776,538 |
| Debt-to-equity ratio | 0.35 | 0.39 | 0.40 | 1.11 | 1.20 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $454,827K ÷ $1,310,910K
= 0.35
The debt-to-equity ratio of Itron Inc. has shown a declining trend over the past five years, indicating an improvement in its capital structure. The ratio decreased from 1.20 in 2019 to 0.35 in 2023, which suggests that the company has been reducing its reliance on debt financing relative to equity. This decline may signify a strengthened financial position, as lower debt levels compared to equity could enhance the company's ability to manage financial obligations and withstand economic challenges. Overall, the decreasing trend in the debt-to-equity ratio for Itron Inc. reflects a positive development in its capital structure and financial stability.
Peer comparison
Dec 31, 2023