Rockwell Automation Inc (ROK)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,498,300 | 3,325,700 | 3,543,600 | 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 |
| Debt-to-equity ratio | 0.73 | 0.77 | 0.73 | 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 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,561,300K ÷ $3,498,300K
= 0.73
The debt-to-equity ratio of Rockwell Automation Inc has exhibited fluctuations over the past few years, ranging from 0.73 to 3.17. A lower debt-to-equity ratio indicates that the company relies less on debt financing and has a stronger equity base to support its operations.
In recent quarters, the ratio has been relatively high, signaling a higher proportion of debt relative to equity in the company's capital structure. A higher debt-to-equity ratio may indicate increased financial risk and potential challenges in meeting debt obligations. However, it may also suggest that the company is using leverage to finance its growth and operations.
It is essential for investors and stakeholders to closely monitor changes in the debt-to-equity ratio, as it can provide insights into the company's financial health, risk profile, and capital structure decisions. A rising ratio may raise concerns about the company's ability to manage its debt burden, while a declining ratio could indicate a more conservative financial approach or improved financial performance.
Peer comparison
Sep 30, 2024