ITT Inc (ITT)
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 | 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,700K ÷ $2,528,200K
= 0.00
The debt-to-equity ratio of ITT Inc has shown a decreasing trend over the past few quarters. In Q4 2023, the ratio stood at 0.08, indicating a low level of debt relative to equity. This suggests that the company is relying more on equity financing rather than debt to support its operations and growth.
Comparing this to previous quarters, the ratio has been declining steadily from 0.28 in Q2 2022 to 0.08 in Q4 2023. This trend indicates that the company has been managing its debt levels effectively and improving its financial leverage position.
A lower debt-to-equity ratio is generally seen as favorable as it signals lower financial risk and greater stability for the company. However, it's essential to consider the specific industry and company circumstances when evaluating the significance of this ratio. Overall, the decreasing trend in ITT Inc's debt-to-equity ratio reflects positively on its financial health and risk management practices.
Peer comparison
Dec 31, 2023