Pitney Bowes Inc (PBI)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	-368,576	-125,109	-75,487	59,964	60,653	-8,276	44,154	92,882	112,632	48,663	53,370	19,163	70,621	79,125	44,580	29,430	289,154	25,412	52,972	86,450
Debt-to-equity ratio		—	—	—	31.86	35.82	—	49.71	23.68	20.41	47.55	43.67	126.23	33.25	32.00	57.28	87.22	9.41	101.03	57.19	35.25

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 fluctuated over the past eight quarters, with no data available for Q4 2023 and Q3 2022.

In Q1 2022, the debt-to-equity ratio was 23.95, indicating a relatively low level of debt compared to equity. This suggests that the company was relying more on equity financing at that time.

However, in Q2 2022, the ratio increased significantly to 50.27, signaling a higher proportion of debt in the company's capital structure compared to equity. This indicates a potential increase in financial leverage and a higher risk profile.

In Q4 2022 and Q1 2023, the ratio remained above 36, showing that the company continued to maintain a higher level of debt relative to equity during those periods.

Overall, the trend in Pitney Bowes, Inc.'s debt-to-equity ratio highlights fluctuations in the company's capital structure and financial leverage, which could impact its financial risk and performance over time.