Pitney Bowes Inc (PBI)

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	2,087,100	2,101,600	1,884,800	1,910,530	2,172,500	2,189,570	2,194,770	2,199,830	2,299,100	2,314,150	2,330,700	2,418,880	2,348,360	2,531,710	2,553,490	2,567,010	2,719,610	2,567,360	3,029,250	3,047,660
Total assets	US$ in thousands	4,272,180	4,422,700	4,423,360	4,530,850	4,741,360	4,593,150	4,677,590	4,787,060	4,958,870	4,954,610	5,013,300	4,941,180	5,224,360	5,044,030	5,116,180	4,893,430	5,469,960	5,597,220	5,757,990	5,806,260
Debt-to-assets ratio		0.49	0.48	0.43	0.42	0.46	0.48	0.47	0.46	0.46	0.47	0.46	0.49	0.45	0.50	0.50	0.52	0.50	0.46	0.53	0.52

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,087,100K ÷ $4,272,180K
= 0.49

Pitney Bowes, Inc.'s debt-to-assets ratio has shown a consistent increase over the past eight quarters, climbing from 0.46 in Q1 2022 to 0.50 in Q4 2023. This indicates that the company has been relying more on debt to finance its assets relative to its total assets.

A higher debt-to-assets ratio suggests increased financial risk as the company may be more leveraged. It also indicates a greater reliance on debt financing for operations and expansion, which could lead to higher interest expenses and potential financial distress if not managed effectively.

Investors and creditors typically view a higher debt-to-assets ratio as a cause for concern, as it may indicate that the company is taking on more financial obligations than it can comfortably support. Monitoring this ratio over time can provide insights into Pitney Bowes, Inc.'s financial leverage and its ability to meet debt obligations.