Rockwell Automation Inc (ROK)
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 | 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 | 1,956,400 | 1,941,100 | 1,932,400 |
| Total assets | US$ in thousands | 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 | 6,113,000 | 6,158,800 | 6,254,200 |
| Debt-to-assets ratio | 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 | 0.32 | 0.32 | 0.31 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,863,000K ÷ $11,333,300K
= 0.25
The debt-to-assets ratio for Rockwell Automation Inc has fluctuated over the past eight quarters, indicating the company's ability to finance its assets through debt. In the most recent quarter, as of December 31, 2023, the ratio stands at 0.30, which suggests that 30% of the company's assets are financed through debt. Compared to the previous quarter, this represents a decrease from 0.32 to 0.30, indicating a reduction in the proportion of debt used to finance assets.
Looking further back, the trend in the debt-to-assets ratio demonstrates some variability, with the ratio reaching its lowest point in the quarter ending September 30, 2023, at 0.26, and its highest point in the quarter ending December 31, 2022, at 0.36.
Overall, the fluctuations in the debt-to-assets ratio suggest that Rockwell Automation Inc has managed its capital structure by adjusting the mix of debt and equity to support its asset base. It's important to consider the reasons behind these fluctuations, including any major financing activities or changes in the company's asset base, which could have influenced the ratio. This trend may be important for stakeholders, as it indicates the company's reliance on debt as a source of funding for its assets and the potential impact on its financial risk and flexibility.
Peer comparison
Dec 31, 2023