Itron Inc (ITRI)
Debt-to-equity 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-equity ratio | 0.89 | 0.92 | 1.00 | 0.33 | 0.35 | 0.37 | 0.38 | 0.39 | 0.39 | 0.41 | 0.41 | 0.39 | 0.40 | 0.38 | 0.41 | 0.41 | 1.11 | 1.70 | 1.70 | 1.72 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,242,420K ÷ $1,390,600K
= 0.89
The debt-to-equity ratio of Itron Inc has exhibited fluctuations over the past few years, indicating changes in the company's capital structure. The ratio decreased from 1.72 as of March 31, 2020, to 0.35 as of December 31, 2023. This significant decline suggests a reduction in the company's reliance on debt financing relative to equity during this period.
However, there was a sudden rise in the ratio to 1.00 as of June 30, 2024, signaling a potential increase in debt relative to equity which could pose a higher level of financial risk. Subsequently, the ratio decreased to 0.89 by the end of December 31, 2024, albeit remaining above the levels seen in the previous years.
Overall, the trend in the debt-to-equity ratio of Itron Inc reflects varying strategies in capital allocation and financing decisions, highlighting the importance of monitoring these changes to assess the company's financial health and risk profile. It is crucial for investors and stakeholders to closely follow the company's debt management practices and their implications on overall financial performance.
Peer comparison
Dec 31, 2024