Resideo Technologies Inc (REZI)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 2,749,000 | 2,645,000 | 2,677,000 | 2,604,000 | 2,529,000 | 2,400,000 | 2,394,000 | 2,361,000 | 2,252,000 | 2,158,000 | 2,103,000 | 2,032,000 | 1,993,000 | 1,605,000 | 1,495,000 | 1,521,000 | 1,602,000 | 1,573,000 | 1,593,000 |
| Debt-to-equity ratio | 0.51 | 0.53 | 0.52 | 0.54 | 0.56 | 0.59 | 0.59 | 0.60 | 0.54 | 0.57 | 0.56 | 0.58 | 0.58 | 0.71 | 0.76 | 0.76 | 0.72 | 0.74 | 0.73 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,396,000K ÷ $2,749,000K
= 0.51
The debt-to-equity ratio of Resideo Technologies Inc has been relatively stable over the past eight quarters, ranging from 0.78 to 0.91. A decreasing trend is observed from Q4 2022 to Q1 2023, indicating a lower reliance on debt financing compared to equity during that period. However, from Q1 2023 to Q4 2023, the ratio increased from 0.82 to 0.78, suggesting a higher proportion of debt in the capital structure relative to equity. Overall, the company appears to maintain a balanced mix of debt and equity financing, with the ratio hovering around 0.80 to 0.90 in recent quarters.