Pentair PLC (PNR)
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 | 1,988,300 | 1,993,600 | 2,114,700 | 2,491,800 | 2,317,300 | 2,448,100 | 911,500 | 1,091,100 | 894,100 | 700,900 | 716,600 | 932,400 | 839,600 | 805,200 | 1,013,000 | 1,450,500 | 1,029,100 | 1,118,700 | 1,215,100 | 1,370,700 |
| Total assets | US$ in thousands | 6,563,300 | 6,411,000 | 6,508,300 | 6,671,200 | 6,447,500 | 6,508,600 | 4,872,200 | 4,975,900 | 4,753,600 | 4,472,800 | 4,354,700 | 4,384,100 | 4,197,200 | 4,103,500 | 4,116,100 | 4,426,700 | 4,139,500 | 4,080,400 | 4,170,000 | 4,382,200 |
| Debt-to-assets ratio | 0.30 | 0.31 | 0.32 | 0.37 | 0.36 | 0.38 | 0.19 | 0.22 | 0.19 | 0.16 | 0.16 | 0.21 | 0.20 | 0.20 | 0.25 | 0.33 | 0.25 | 0.27 | 0.29 | 0.31 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,988,300K ÷ $6,563,300K
= 0.30
Pentair plc's debt-to-assets ratio has been fluctuating over the past eight quarters. The ratio was 0.30 in Q4 2023, slightly lower than the previous quarter's ratio of 0.31 in Q3 2023. This indicates that Pentair plc's total debt represented 30% of its total assets in Q4 2023.
Looking further back, the trend shows some variability, with the ratio ranging from 0.19 in Q2 2022 to 0.38 in Q3 2022. The highest ratio of 0.38 in Q3 2022 suggests that at that point, 38% of Pentair's assets were financed by debt. On the other hand, the lowest ratio of 0.19 in Q2 2022 indicates that only 19% of assets were funded by debt in that quarter.
Overall, Pentair plc appears to have maintained a relatively healthy debt-to-assets ratio, with levels ranging from 0.19 to 0.38 over the past two years. It is important to continue monitoring this ratio to ensure that the company's debt levels remain at a sustainable level relative to its assets.
Peer comparison
Dec 31, 2023