John Bean Technologies Corporation (JBT)
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 | 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-equity ratio | 0.43 | 0.47 | 1.03 | 1.07 | 1.08 | 1.21 | 0.85 | 0.85 | 0.90 | 0.92 | 0.93 | 0.70 | 0.82 | 0.98 | 1.09 | 1.29 | 1.23 | 1.47 | 1.54 | 0.94 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $646,400K ÷ $1,488,900K
= 0.43
The debt-to-equity ratio of John Bean Technologies Corp has shown fluctuations over the past eight quarters. In Q4 2023, the ratio was 0.43, indicating that the company had a lower level of debt compared to its equity. This suggests a strong financial position with a conservative level of leverage.
The ratio increased to 0.47 in Q3 2023 but remained relatively low, indicating that the company continued to maintain a healthy balance between debt and equity. However, in Q2 2023 and Q1 2023, the ratio increased significantly to 1.03 and 1.07, respectively, indicating a higher level of debt relative to equity. This could suggest increased financial risk and may raise concerns about the company's ability to repay its debts.
Looking back to Q4 2022, the ratio was 1.13, which was higher compared to the more recent quarters. This indicates a potential improvement in the company's capital structure in the more recent periods. However, the ratios in Q3 2022 and Q2 2022 were even higher at 1.22 and 0.85, respectively, suggesting fluctuations in the company's debt and equity levels.
Overall, the trend in John Bean Technologies Corp's debt-to-equity ratio shows some variability, with fluctuations between higher and lower levels of debt relative to equity. It is important for investors and stakeholders to monitor these changes closely to assess the company's financial risk and leverage position.
Peer comparison
Dec 31, 2023