Pitney Bowes Inc (PBI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | -368,576 | 60,653 | 112,632 | 70,621 | 289,154 |
| Debt-to-equity ratio | — | 35.82 | 20.41 | 33.25 | 9.41 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,087,100K ÷ $-368,576K
= —
The debt-to-equity ratio of Pitney Bowes, Inc. has exhibited fluctuations over the past five years. In 2019, the ratio was 9.58, indicating a lower level of debt relative to equity. However, there was a significant increase in 2020 to 38.62, suggesting a higher proportion of debt in relation to equity in that year. Subsequently, there was a decrease in 2021 to 20.63, but then the ratio increased again in 2022 to 36.36.
Unfortunately, the debt-to-equity ratio for 2023 is not provided, making it difficult to assess the most recent financial position of the company in terms of its leverage. Generally, a higher debt-to-equity ratio signifies higher financial risk due to increased reliance on debt funding. However, it can also indicate potential for higher returns on equity if the company can effectively utilize the borrowed funds for growth and profitability. Further analysis would be necessary to understand the reasons behind the fluctuations and the implications for Pitney Bowes' financial health and stability.