Knowles Cor (KN)
Debt-to-assets 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 | 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 | 156,800 | 154,800 | 171,900 | 170,000 |
| Total assets | US$ in thousands | 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 | 1,654,600 | 1,607,500 | 1,585,800 | 1,575,000 |
| Debt-to-assets ratio | 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 | 0.09 | 0.10 | 0.11 | 0.11 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $224,100K ÷ $1,462,800K
= 0.15
The debt-to-assets ratio of Knowles Corp has been relatively stable and low over the past eight quarters, ranging from 0.04 to 0.19. The ratio indicates that the company relies on debt to finance only a small portion of its assets, with the majority of its assets being funded by equity. This suggests that Knowles Corp has a conservative approach to leverage and financial risk, as it maintains a strong financial position with low debt levels relative to its total assets. Additionally, the consistent low ratios across the periods indicate that the company has been effectively managing its debt levels and maintaining a healthy balance sheet structure.
Peer comparison
Dec 31, 2023