Pentair PLC (PNR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,217,100 | 3,040,900 | 2,935,300 | 2,809,500 | 2,708,100 | 2,639,200 | 2,563,000 | 2,503,900 | 2,421,900 | 2,338,100 | 2,271,600 | 2,193,800 | 2,106,300 | 2,049,800 | 1,949,700 | 1,892,500 | 1,953,900 | 1,868,800 | 1,806,600 | 1,870,400 |
| Debt-to-capital ratio | 0.38 | 0.40 | 0.42 | 0.47 | 0.46 | 0.48 | 0.26 | 0.30 | 0.27 | 0.23 | 0.24 | 0.30 | 0.29 | 0.28 | 0.34 | 0.43 | 0.34 | 0.37 | 0.40 | 0.42 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,988,300K ÷ ($1,988,300K + $3,217,100K)
= 0.38
The debt-to-capital ratio of Pentair plc has shown fluctuations over the past eight quarters, ranging from 0.26 to 0.47. In Q2 2022, the ratio was notably low at 0.26, indicating a lower level of debt relative to total capital. However, there was a subsequent increase in the ratio over the following quarters, peaking at 0.47 in Q1 2023. This suggests a higher proportion of debt in the company's capital structure during that period.
Overall, the trend in the debt-to-capital ratio of Pentair plc indicates some variability and potential shifts in the company's capital structure and financing decisions over the analyzed period. It will be important to continue monitoring this ratio to assess the company's leverage and financial risk position.
Peer comparison
Dec 31, 2023