Pool Corporation (POOL)
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 | ||
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Long-term debt | US$ in thousands | 1,015,120 | 996,109 | 1,148,370 | 1,332,670 | 1,361,760 | 1,500,340 | 1,575,670 | 1,483,810 | 1,171,580 | 352,075 | 413,058 | 420,762 | 404,149 | 328,225 | 429,246 | 569,697 | 499,662 | 535,720 | 668,363 | 677,243 |
Total assets | US$ in thousands | 3,428,070 | 3,430,730 | 3,680,580 | 3,862,830 | 3,565,440 | 3,688,060 | 3,962,100 | 3,882,140 | 3,230,130 | 2,282,230 | 2,214,040 | 2,141,690 | 1,739,670 | 1,587,590 | 1,654,800 | 1,747,780 | 1,483,270 | 1,481,410 | 1,690,580 | 1,678,350 |
Debt-to-assets ratio | 0.30 | 0.29 | 0.31 | 0.34 | 0.38 | 0.41 | 0.40 | 0.38 | 0.36 | 0.15 | 0.19 | 0.20 | 0.23 | 0.21 | 0.26 | 0.33 | 0.34 | 0.36 | 0.40 | 0.40 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,015,120K ÷ $3,428,070K
= 0.30
The debt-to-assets ratio of Pool Corporation has been fluctuating over the past eight quarters, ranging from 0.30 to 0.41. A lower ratio indicates less reliance on debt to finance assets, whereas a higher ratio suggests a higher proportion of debt to assets.
In Q4 2023, the debt-to-assets ratio decreased slightly to 0.31 from 0.30 in Q3 2023. This could indicate a relatively lower level of debt compared to assets at the end of the year. Overall, the company's debt-to-assets ratio has shown a decreasing trend since Q2 2022 when it was at its highest at 0.41.
The downward trend in the debt-to-assets ratio suggests that Pool Corporation has been gradually decreasing its reliance on debt to finance its assets, which could be seen as a positive sign for the company's financial health and stability. It indicates that the company may be managing its debt levels effectively and maintaining a more conservative financial position.