Knowles Cor (KN)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 134,000 | 175,500 | 212,400 | 245,200 | 224,100 | 45,000 | 45,000 | 45,000 | 45,000 | 78,000 | 73,000 | 70,000 | 70,000 | 0 | 0 | 0 | 0 | 213,000 | 160,900 | 258,800 |
| Total assets | US$ in thousands | 1,118,200 | 1,171,300 | 1,178,100 | 1,483,400 | 1,462,800 | 1,182,200 | 1,176,000 | 1,195,500 | 1,183,900 | 1,436,700 | 1,458,400 | 1,718,700 | 1,731,600 | 1,723,200 | 1,681,900 | 1,675,300 | 1,654,900 | 1,667,700 | 1,687,700 | 1,696,800 |
| Debt-to-assets ratio | 0.12 | 0.15 | 0.18 | 0.17 | 0.15 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.10 | 0.15 |
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 exhibited varying trends over the period from March 31, 2020, to December 31, 2024. Initially, the ratio was relatively low at 0.15 as of March 31, 2020, indicating the company had a lower level of debt compared to its total assets. This ratio decreased further by June 30, 2020, to 0.10, suggesting a reduced reliance on debt financing.
Subsequently, the company's debt-to-assets ratio fluctuated, reaching its lowest point of 0.00 by December 31, 2020, and remaining at that level through March 31, 2021. During this period, Knowles Cor seemed to have effectively managed its debt levels, potentially through strategies such as debt repayment or increased asset base.
From December 31, 2021, through June 30, 2022, the ratio saw a slight uptick to 0.05, indicating a small increase in debt relative to assets. This trend continued with minor fluctuations through September 30, 2023.
A more significant increase was observed by December 31, 2023, where the debt-to-assets ratio spiked to 0.15 and continued to rise to 0.18 by June 30, 2024, before slightly decreasing to 0.12 by December 31, 2024. These higher ratios suggest that Knowles Cor may have taken on more debt compared to its asset base during this period.
Overall, fluctuations in the debt-to-assets ratio of Knowles Cor indicate varying levels of debt financing relative to the total assets held by the company. It would be important to further investigate the reasons behind these fluctuations and assess the implications for the company's financial health and risk management strategies.
Peer comparison
Dec 31, 2024