John Bean Technologies Corporation (JBT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,488,900 | 1,373,100 | 921,200 | 891,000 | 905,400 | 806,200 | 789,800 | 783,600 | 750,500 | 707,300 | 685,700 | 672,100 | 637,100 | 611,400 | 596,600 | 570,700 | 569,500 | 523,700 | 500,000 | 476,400 |
| Debt-to-capital ratio | 0.30 | 0.32 | 0.51 | 0.52 | 0.52 | 0.55 | 0.46 | 0.46 | 0.47 | 0.48 | 0.48 | 0.41 | 0.45 | 0.49 | 0.52 | 0.56 | 0.55 | 0.59 | 0.61 | 0.48 |
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
The debt-to-capital ratio of John Bean Technologies Corp has exhibited some fluctuations over the past eight quarters. The ratio was relatively stable around 0.46 in the first two quarters of 2022 before starting to increase in Q3 and Q4 2022. From Q1 to Q3 2023, there was a gradual decrease in the ratio, reaching a low of 0.30 in Q4 2023. This indicates that the company's debt relative to its total capital has been on a downward trend recently.
Overall, the debt-to-capital ratio of John Bean Technologies Corp has shown variability but has generally decreased in the most recent quarters. This may suggest a reduction in the company's reliance on debt financing compared to its total capital structure. However, it would be important to monitor future trends closely to assess the company's leverage position and financial risk.
Peer comparison
Dec 31, 2023