ITT Inc (ITT)
Debt-to-capital 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 | 232,600 | — | — | — | 5,700 | — | — | — | 7,700 | — | — | — | 9,900 | — | — | — | 13,000 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,762,600 | 2,749,200 | 2,576,600 | 2,574,700 | 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 |
| Debt-to-capital ratio | 0.08 | 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 | 0.01 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $232,600K ÷ ($232,600K + $2,762,600K)
= 0.08
The debt-to-capital ratio for ITT Inc remained relatively stable at 0.00 for most of the period from March 2020 to March 2024, indicating that the company financed its operations primarily through equity rather than debt. However, there was a significant increase in the debt-to-capital ratio to 0.08 as of December 31, 2024. This suggests that ITT Inc may have taken on more debt relative to its capital at the end of 2024, which could have implications for the company's financial health and risk profile. It is important for stakeholders to monitor this ratio closely in future periods to assess the company's leverage and ability to meet its debt obligations.
Peer comparison
Dec 31, 2024