ITT Inc (ITT)
Debt-to-assets 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 | 5,700 | — | — | — | 7,700 | — | — | — | 9,900 | — | — | — | 13,000 | — | — | — | 12,900 | — | — | — |
| Total assets | US$ in thousands | 3,932,600 | 3,802,300 | 3,885,400 | 3,767,800 | 3,780,300 | 3,690,200 | 3,699,900 | 3,725,600 | 3,565,400 | 3,454,200 | 3,462,300 | 4,179,700 | 4,277,600 | 4,176,400 | 4,151,300 | 4,276,600 | 4,107,700 | 4,064,200 | 4,041,400 | 3,937,100 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,700K ÷ $3,932,600K
= 0.00
The debt-to-assets ratio of ITT Inc has shown a declining trend over the past eight quarters, decreasing from 0.15 in Q3 2022 to 0.05 in Q4 2023. This suggests that the company has been reducing its reliance on debt to finance its operations and investments, resulting in a stronger financial position with a higher proportion of assets funded by equity. The decreasing trend indicates improved financial stability and potentially lower financial risk for ITT Inc. It is important to monitor this ratio in the future to ensure sustainable financial health and prudent capital structure management.
Peer comparison
Dec 31, 2023