John Bean Technologies Corporation (JBT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 646,400 | 977,300 | 674,400 | 522,500 | 698,300 |
| Total assets | US$ in thousands | 2,710,400 | 2,641,000 | 2,141,400 | 1,805,900 | 1,914,900 |
| Debt-to-assets ratio | 0.24 | 0.37 | 0.31 | 0.29 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $646,400K ÷ $2,710,400K
= 0.24
The debt-to-assets ratio of John Bean Technologies Corp has shown fluctuations over the past five years. In 2023, the ratio improved to 0.24 from 0.38 in 2022, indicating a stronger financial position with lower dependence on debt to finance its assets. This may suggest better risk management and financial stability for the company in the most recent year. The decreasing trend observed from 2020 to 2022, followed by a significant improvement in 2023, reflects potential efforts to reduce debt levels relative to total assets. However, it is worth noting that the ratio was slightly higher in 2021 compared to 2020. Overall, the decreasing trend in the debt-to-assets ratio suggests enhanced financial health and a more conservative capital structure for John Bean Technologies Corp in recent years.
Peer comparison
Dec 31, 2023