Rockwell Automation Inc (ROK)
Debt-to-assets ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,561,300 | 2,559,300 | 2,584,500 | 2,863,000 | 2,862,900 | 2,866,900 | 2,868,100 | 2,866,900 | 2,867,800 | 3,464,100 | 3,466,000 | 3,469,100 | 3,464,600 | 1,977,100 | 1,978,400 | 1,980,300 | 1,974,700 | 1,974,400 | 1,970,200 | 1,953,000 |
| Total assets | US$ in thousands | 11,232,100 | 11,188,600 | 11,367,300 | 11,333,300 | 11,304,000 | 11,743,300 | 11,469,100 | 11,149,800 | 10,758,700 | 10,799,900 | 10,715,500 | 10,743,300 | 10,701,600 | 8,573,100 | 8,317,700 | 8,171,000 | 7,264,700 | 7,329,500 | 6,665,900 | 7,107,900 |
| Debt-to-assets ratio | 0.23 | 0.23 | 0.23 | 0.25 | 0.25 | 0.24 | 0.25 | 0.26 | 0.27 | 0.32 | 0.32 | 0.32 | 0.32 | 0.23 | 0.24 | 0.24 | 0.27 | 0.27 | 0.30 | 0.27 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,561,300K ÷ $11,232,100K
= 0.23
The debt-to-assets ratio for Rockwell Automation Inc has exhibited some fluctuations over the past few years. As of September 30, 2024, the ratio stands at 0.23, maintaining a consistent level from the previous quarter. This indicates that for every dollar of assets, the company has $0.23 of debt.
Looking at the trend over the past few years, we see that the ratio has generally hovered around the 0.23 to 0.32 range, with some slight variations. The ratio was at its highest in the first quarter of 2022, at 0.32, and has shown a decreasing trend since then.
Overall, the debt-to-assets ratio of Rockwell Automation Inc suggests that the company has maintained a relatively conservative capital structure, with a significant portion of its assets financed through equity rather than debt. However, it is important to continue monitoring this ratio to ensure that the company's debt levels remain sustainable and in line with its overall financial health.
Peer comparison
Sep 30, 2024