Pitney Bowes Inc (PBI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,087,100 | 2,172,500 | 2,299,100 | 2,348,360 | 2,719,610 |
| Total assets | US$ in thousands | 4,272,180 | 4,741,360 | 4,958,870 | 5,224,360 | 5,469,960 |
| Debt-to-assets ratio | 0.49 | 0.46 | 0.46 | 0.45 | 0.50 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,087,100K ÷ $4,272,180K
= 0.49
The debt-to-assets ratio for Pitney Bowes, Inc. over the past five years has exhibited some fluctuation but has largely been in the range of 0.47 to 0.50. This ratio indicates the proportion of the company's assets that are financed through debt, with higher values suggesting a greater reliance on debt financing.
In 2023, the debt-to-assets ratio increased slightly to 0.50 from 0.47 in 2022 and 2021. This uptick could signify either an increase in debt levels or a decrease in total assets. However, without additional information, it is hard to determine the exact cause of this change.
Compared to 2020 and 2019, where the ratio was at 0.49 and 0.50 respectively, the current ratio of 0.50 in 2023 indicates a similar level of debt financing relative to total assets as in the prior year.
Overall, Pitney Bowes, Inc.'s debt-to-assets ratio has been relatively stable over the past five years, suggesting a consistent approach to financing its assets through a combination of debt and equity. It is crucial for investors and analysts to monitor this ratio in conjunction with other financial metrics to assess the company's financial health and risk profile accurately.