Knowles Cor (KN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 134,000 | 224,100 | 45,000 | 70,000 | 0 |
| Total assets | US$ in thousands | 1,118,200 | 1,462,800 | 1,183,900 | 1,731,600 | 1,654,900 |
| Debt-to-assets ratio | 0.12 | 0.15 | 0.04 | 0.04 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $134,000K ÷ $1,118,200K
= 0.12
The debt-to-assets ratio for Knowles Cor has shown a consistent increase over the past few years, starting at 0.00 in December 31, 2020, and gradually rising to 0.04 in December 31, 2021 and December 31, 2022. There was a notable jump to 0.15 in December 31, 2023, indicating a higher proportion of debt relative to assets. However, this ratio decreased to 0.12 by December 31, 2024, suggesting a slight improvement in the company's ability to cover its obligations with its asset base. Overall, the trend in the debt-to-assets ratio reflects varying levels of leverage employed by Knowles Cor, which may have implications for its financial risk and stability.
Peer comparison
Dec 31, 2024