Resideo Technologies Inc (REZI)
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 | 1,396,000 | 1,397,000 | 1,400,000 | 1,402,000 | 1,404,000 | 1,407,000 | 1,410,000 | 1,412,000 | 1,220,000 | 1,222,000 | 1,184,000 | 1,186,000 | 1,155,000 | 1,141,000 | 1,140,000 | 1,149,000 | 1,158,000 | 1,165,000 | 1,169,000 | 1,174,000 |
| Total assets | US$ in thousands | 6,645,000 | 6,459,000 | 6,536,000 | 6,399,000 | 6,387,000 | 6,262,000 | 6,316,000 | 6,245,000 | 5,853,000 | 5,834,000 | 5,712,000 | 5,576,000 | 5,610,000 | 5,269,000 | 5,166,000 | 5,287,000 | 5,128,000 | 5,133,000 | 5,160,000 | 5,144,000 |
| Debt-to-assets ratio | 0.21 | 0.22 | 0.21 | 0.22 | 0.22 | 0.22 | 0.22 | 0.23 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.22 | 0.22 | 0.23 | 0.23 | 0.23 | 0.23 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,396,000K ÷ $6,645,000K
= 0.21
The debt-to-assets ratio for Resideo Technologies Inc has been relatively stable over the past eight quarters, ranging from 0.32 to 0.35. This ratio measures the proportion of the company's total debt to its total assets, indicating the extent to which the company is financed by debt.
The trend of the debt-to-assets ratio hovering around 0.33 to 0.35 suggests that Resideo's capital structure is primarily reliant on debt to finance its operations and investments. A lower ratio indicates that the company has a higher proportion of assets financed by equity, while a higher ratio suggests a significant reliance on debt to fund operations.
Overall, Resideo Technologies Inc maintains a moderate level of debt compared to its total assets, which indicates a balanced approach to capital structure management. However, it is essential for the company to monitor and manage its debt levels effectively to ensure financial stability and sustainability in the long term.