Ingevity Corp (NGVT)
Debt-to-capital 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 631,400 | 718,700 | 714,100 | 725,700 | 698,300 | 633,900 | 654,300 | 686,100 | 673,800 | 644,500 | 688,500 | 661,100 | 642,100 | 617,000 | 522,900 | 502,100 | 530,800 | 443,300 | 400,700 | 358,700 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $631,400K)
= 0.00
Ingevity Corp's debt-to-capital ratio has shown some fluctuations over the past eight quarters, ranging from 0.64 to 0.70. The ratio indicates the proportion of the company's capital structure that is financed by debt.
The trend in the debt-to-capital ratio shows a slight increase from Q3 2022 to Q4 2023, reaching a peak of 0.70 in Q4 2023. This increase suggests that Ingevity Corp has been relying more on debt to finance its operations or capital investments during this period.
Overall, the company's debt-to-capital ratio has remained relatively stable around the 0.65 to 0.70 range, indicating that Ingevity Corp maintains a moderate level of debt in its capital structure. It is crucial for stakeholders to monitor this ratio to assess the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2023