Rockwell Automation Inc (ROK)
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 | 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 stockholders’ equity | US$ in thousands | 3,607,700 | 3,561,600 | 3,343,200 | 3,155,500 | 2,914,800 | 2,725,600 | 2,391,200 | 2,632,200 | 2,504,900 | 2,389,600 | 2,269,600 | 1,817,200 | 1,557,600 | 1,027,800 | 770,500 | 620,800 | 717,000 | 404,200 | 1,156,500 | 1,336,300 |
| Debt-to-equity ratio | 0.79 | 0.80 | 0.86 | 0.91 | 0.98 | 1.05 | 1.45 | 1.32 | 1.38 | 1.45 | 0.87 | 1.09 | 1.27 | 1.92 | 2.56 | 3.17 | 2.72 | 4.84 | 1.68 | 1.45 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,863,000K ÷ $3,607,700K
= 0.79
The debt-to-equity ratio of Rockwell Automation Inc has fluctuated over the past eight quarters. The ratio decreased from 1.56 in March 2022 to 0.83 in September 2023, indicating a reduction in the company's reliance on debt financing relative to equity. However, the ratio reached its lowest point of 0.83 in September 2023, suggesting a relatively conservative capital structure at that time. Subsequently, there was an increase in the ratio to 1.12 in June 2023 and 1.26 in March 2023, implying a higher level of debt relative to equity compared to the previous quarter. The ratio peaked at 1.70 in June 2022, signifying a significant increase in debt compared to equity. Overall, the trend indicates some variability in the company's leverage position, with the recent quarters showing a potential shift towards a more balanced capital structure.
Peer comparison
Dec 31, 2023