Itron Inc (ITRI)
Debt-to-equity 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-equity ratio | 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 | 1.20 | 1.26 | 1.34 | 1.38 |
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 exhibited a decreasing trend over the past eight quarters, indicating a relative improvement in the company's financial leverage. The ratio decreased from 0.41 in Q3 2022 to 0.35 in Q4 2023, suggesting a lower reliance on debt financing compared to equity. This decline in the ratio signifies that Itron Inc. has been using less debt funding in relation to its equity base, which may indicate a decreased financial risk and stronger solvency position. Overall, the decreasing trend in the debt-to-equity ratio reflects a positive financial health indicator for Itron Inc.
Peer comparison
Dec 31, 2023