Pentair PLC (PNR)
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 | 1,988,300 | 2,317,300 | 894,100 | 839,600 | 1,029,100 |
| Total assets | US$ in thousands | 6,563,300 | 6,447,500 | 4,753,600 | 4,197,200 | 4,139,500 |
| Debt-to-assets ratio | 0.30 | 0.36 | 0.19 | 0.20 | 0.25 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,988,300K ÷ $6,563,300K
= 0.30
The debt-to-assets ratio of Pentair plc has shown variability over the past five years. The ratio decreased significantly from 0.36 in 2022 to 0.19 in 2021, indicating a lower reliance on debt to finance assets in 2021. However, there was a notable increase in the ratio in 2022 to 0.36, suggesting a higher level of debt compared to assets that year.
In 2023, the debt-to-assets ratio decreased to 0.30, indicating a lower proportion of debt relative to assets compared to 2022 but still higher than 2021. This shows a moderate level of leverage in 2023.
Overall, the trend in the debt-to-assets ratio for Pentair plc demonstrates fluctuations in the company's debt utilization over the past five years, indicating varying levels of financial risk and leverage in different years.
Peer comparison
Dec 31, 2023