Knowles Cor (KN)
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 | 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 stockholders’ equity | US$ in thousands | 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 | 1,288,500 | 1,257,300 | 1,227,200 | 1,216,500 |
| Debt-to-equity ratio | 0.22 | 0.05 | 0.05 | 0.05 | 0.05 | 0.07 | 0.06 | 0.05 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.13 | 0.21 | 0.12 | 0.12 | 0.14 | 0.14 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $224,100K ÷ $1,034,100K
= 0.22
The debt-to-equity ratio of Knowles Corp has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ratio increased to 0.26 from 0.05 in the previous quarter, indicating a significant rise in debt relative to equity. This increase in the ratio suggests that the company may be relying more on debt to finance its operations or investments during that period.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), the debt-to-equity ratio has increased notably from 0.05 to 0.26. This change may indicate a shift in the company's capital structure towards higher debt levels compared to equity, which could potentially increase financial risk.
However, when looking at a longer trend, the debt-to-equity ratio in Q4 2023 is still within the range of ratios seen in the previous quarters, with Q2 2022 having a slightly higher ratio of 0.07. Overall, the company's debt-to-equity ratios have generally been low, indicating a conservative approach to leverage over the analyzed period.
It is important for investors and stakeholders to monitor the trend of the debt-to-equity ratio over time to assess Knowles Corp's financial health and risk profile, as changes in this ratio can impact the company's ability to meet its financial obligations and manage its capital structure effectively.
Peer comparison
Dec 31, 2023