John Bean Technologies Corporation (JBT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,488,900 | 905,400 | 750,500 | 637,100 | 569,500 |
| Debt-to-capital ratio | 0.30 | 0.52 | 0.47 | 0.45 | 0.55 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $646,400K ÷ ($646,400K + $1,488,900K)
= 0.30
Based on the data provided, John Bean Technologies Corp's debt-to-capital ratio has shown fluctuations over the past five years. The ratio decreased from 0.55 in 2019 to 0.45 in 2020, indicating a reduced reliance on debt financing relative to total capital during this period. However, there was an increase to 0.47 in 2021 and a further increase to 0.53 in 2022, suggesting a higher proportion of debt in the company's capital structure during these years.
Notably, in 2023, the debt-to-capital ratio declined significantly to 0.30, reflecting a substantial reduction in debt relative to total capital compared to the previous year. This reduction may indicate a strategic shift towards a more conservative capital structure or improved financial stability.
Overall, the trend in John Bean Technologies Corp's debt-to-capital ratio suggests a degree of variability in the company's financing decisions over the years, highlighting the importance of monitoring and managing leverage levels to maintain a healthy balance between debt and equity in the capital structure.
Peer comparison
Dec 31, 2023