ITT Inc (ITT)
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 | 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $232,600K ÷ $2,762,600K
= 0.08
Based on the data provided, the debt-to-equity ratio of ITT Inc has been consistently low from March 31, 2020, to June 30, 2024, typically remaining at 0.00. However, there was a noticeable increase in the debt-to-equity ratio to 0.08 as of December 31, 2024.
A low debt-to-equity ratio indicates that ITT Inc has been using less debt to finance its operations compared to equity. This can be seen as a positive sign as it suggests lower financial risk and implies that the company is relying more on internal financing or equity to run its business operations.
The sudden increase in the debt-to-equity ratio by the end of December 2024 might indicate a change in the company's capital structure, potentially taking on more debt compared to equity. Investors and stakeholders may want to further investigate this change and understand the reasons behind it to assess the impact on the company's financial health and risk profile.
Peer comparison
Dec 31, 2024