ITT Inc (ITT)
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 | 5,700 | — | — | — | 7,700 | — | — | — | 9,900 | — | — | — | 13,000 | — | — | — | 12,900 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,528,200 | 2,409,100 | 2,346,900 | 2,299,200 | 2,248,100 | 2,057,000 | 2,008,300 | 2,084,900 | 2,225,800 | 2,143,000 | 2,138,200 | 2,106,100 | 2,126,400 | 2,020,900 | 2,051,800 | 2,012,400 | 2,074,900 | 1,997,600 | 1,935,200 | 1,868,600 |
| Debt-to-capital 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 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,700K ÷ ($5,700K + $2,528,200K)
= 0.00
ITT Inc's debt-to-capital ratio has fluctuated over the past eight quarters, ranging from 0.07 to 0.22. Generally, the trend shows a gradual increase in the ratio since Q4 2022 when it was at 0.17, peaking at 0.22 in Q2 2022 before slightly decreasing to 0.19 by Q1 2022.
A decreasing debt-to-capital ratio generally indicates a lower reliance on debt financing compared to equity, which may suggest a stronger financial position. However, the variations in ITT Inc's ratio over the periods analyzed could indicate shifts in the capital structure or changes in the company's debt management strategies.
It is important to further investigate the reasons behind these fluctuations to assess the company's risk exposure, financial leverage, and overall stability. Additional information such as the composition of debt, interest rates on borrowed funds, and the company's ability to service its debt obligations should also be considered in a comprehensive analysis of ITT Inc's debt-to-capital ratio dynamics.
Peer comparison
Dec 31, 2023