Linde plc Ordinary Shares (LIN)
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 | 13,397,000 | 13,232,000 | 13,528,000 | 11,744,000 | 12,198,000 | — | — | — | 11,335,000 | — | — | — | 12,152,000 | — | — | — | 10,693,000 | — | — | — |
| Total assets | US$ in thousands | 80,811,000 | 77,827,000 | 78,718,000 | 80,308,000 | 79,658,000 | 74,323,000 | 77,885,000 | 82,767,000 | 81,605,000 | 84,191,000 | 84,345,000 | 84,993,000 | 88,229,000 | 87,209,000 | 85,856,000 | 84,369,000 | 86,612,000 | 84,394,000 | 87,189,000 | 91,641,000 |
| Debt-to-assets ratio | 0.17 | 0.17 | 0.17 | 0.15 | 0.15 | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $13,397,000K ÷ $80,811,000K
= 0.17
The debt-to-assets ratio of Linde Plc. has remained relatively stable over the last eight quarters. The ratio fluctuated between 0.20 and 0.24 during this period, indicating that on average, about 20% to 24% of the company's assets were funded by debt.
A debt-to-assets ratio of 0.24 in Q4 2023 suggests that 24% of Linde's assets were financed through debt obligations, while the remaining 76% were funded by equity. This ratio has seen some minor fluctuations but generally stayed within a narrow range, indicating a consistent capital structure over time.
The trend of the debt-to-assets ratio can provide insights into the company's financial health and risk management strategies. A stable and moderate debt-to-assets ratio may indicate a balanced approach to financing, where the company is not overly reliant on debt for its capital needs. This can be viewed positively by investors and creditors as it signifies a lower risk of financial distress.
Overall, based on the historical data provided, Linde Plc. has maintained a relatively conservative level of debt relative to its assets, which may help support its financial stability and sustainability in the long term.
Peer comparison
Dec 31, 2023