John Bean Technologies Corporation (JBT)
Debt-to-assets 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 | 646,400 | 645,800 | 949,600 | 956,500 | 977,300 | 979,000 | 674,600 | 669,900 | 674,400 | 652,900 | 641,100 | 469,300 | 522,500 | 598,000 | 647,600 | 733,600 | 698,300 | 768,700 | 771,500 | 448,200 |
| Total assets | US$ in thousands | 2,710,400 | 2,688,800 | 2,587,800 | 2,579,600 | 2,641,000 | 2,554,500 | 2,222,100 | 2,209,900 | 2,141,400 | 2,038,500 | 1,976,300 | 1,794,300 | 1,805,900 | 1,811,900 | 1,821,000 | 1,884,200 | 1,914,900 | 1,918,800 | 1,912,300 | 1,521,600 |
| Debt-to-assets ratio | 0.24 | 0.24 | 0.37 | 0.37 | 0.37 | 0.38 | 0.30 | 0.30 | 0.31 | 0.32 | 0.32 | 0.26 | 0.29 | 0.33 | 0.36 | 0.39 | 0.36 | 0.40 | 0.40 | 0.29 |
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 been relatively stable over the past eight quarters, ranging from 0.24 to 0.38. This ratio indicates that, on average, between 24% and 38% of the company's assets are financed by debt.
A lower debt-to-assets ratio typically suggests lower financial risk, as it implies that the company relies less on debt to finance its operations and investments. Conversely, a higher ratio may indicate higher financial leverage and risk.
The consistent level of John Bean Technologies Corp's debt-to-assets ratio around the 0.30 mark suggests a moderate level of leverage and a balanced capital structure, where the company is not overly reliant on debt financing to fund its operations. It indicates a stable financial position and the ability to meet debt obligations without excessive risk.
Overall, the trend in the debt-to-assets ratio for John Bean Technologies Corp does not show any significant fluctuations, indicating a prudent approach to managing its debt levels relative to its total assets.
Peer comparison
Dec 31, 2023