Knowles Cor (KN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 756,000 | 777,400 | 753,000 | 1,033,900 | 1,034,100 | 993,300 | 986,500 | 987,400 | 992,900 | 1,180,200 | 1,203,600 | 1,474,100 | 1,459,500 | 1,366,100 | 1,332,100 | 1,323,700 | 1,303,500 | 1,264,600 | 1,243,800 | 1,253,800 |
| Debt-to-capital ratio | 0.15 | 0.18 | 0.22 | 0.19 | 0.18 | 0.04 | 0.04 | 0.04 | 0.04 | 0.06 | 0.06 | 0.05 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.11 | 0.17 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $134,000K ÷ ($134,000K + $756,000K)
= 0.15
Knowles Cor's debt-to-capital ratio has shown fluctuations over the period analyzed. The ratio was relatively stable in the range of 0.00 to 0.06 from March 2021 to June 2022. However, there was a notable increase in the ratio from June 2023 to June 2024, reaching a peak of 0.22 in June 2024. This suggests that Knowles Cor's debt level increased significantly relative to its capital during this period.
It is important to note that a higher debt-to-capital ratio indicates a higher proportion of debt in the company's capital structure, which can indicate increased financial risk. The ratio exceeding 0.15 in December 2024 may raise concerns about the company's ability to cover its debt obligations or its overall financial stability.
Overall, monitoring Knowles Cor's debt-to-capital ratio trends is crucial for assessing its financial leverage and risk management strategies.
Peer comparison
Dec 31, 2024