Enpro Industries (NPO)

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	638,700	640,500	767,600	771,200	775,100	868,100	876,700	915,300	963,900	485,500	486,300	486,900	487,500	489,300	490,300	491,100	625,200	665,900	427,900	472,800
Total stockholders’ equity	US$ in thousands	1,409,700	1,407,900	1,414,400	1,435,100	1,395,100	1,267,800	1,280,500	1,265,500	1,270,300	1,140,700	1,118,100	1,080,900	1,081,400	1,065,900	1,084,200	1,071,900	896,600	876,400	876,200	871,100
Debt-to-capital ratio		0.31	0.31	0.35	0.35	0.36	0.41	0.41	0.42	0.43	0.30	0.30	0.31	0.31	0.31	0.31	0.31	0.41	0.43	0.33	0.35

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $638,700K ÷ ($638,700K + $1,409,700K)
= 0.31

The debt-to-capital ratio for Enpro Inc has exhibited some fluctuations over the past eight quarters. The ratio has ranged from 0.31 to 0.46 during this period.

In Q4 2023, the debt-to-capital ratio was 0.31, showing a slight decrease from the previous quarter. This indicates that the company had a relatively lower proportion of debt in relation to its total capital structure in Q4 2023.

Looking at the trend over the past year, we observe that the ratio peaked at 0.46 in Q1 2022 and has since fluctuated within the range of 0.31 to 0.46. This implies that Enpro Inc has been managing its debt and capital effectively within this period.

It is worth noting that a lower debt-to-capital ratio generally suggests a more conservative capital structure, indicating lower financial risk. On the other hand, a higher ratio may indicate higher leverage and potentially greater financial risk. Enpro Inc's debt-to-capital ratio trends suggest a prudent approach to managing its debt and capital mix.