Regal Beloit Corporation (RRX)
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 | 6,377,000 | 6,493,900 | 6,609,700 | 7,210,600 | 1,989,700 | 2,165,200 | 2,132,500 | 2,057,400 | 1,913,600 | 647,300 | 789,000 | 786,900 | 840,400 | 840,200 | 1,125,100 | 1,364,300 | 1,136,900 | 1,200,300 | 1,222,700 | 1,213,200 |
| Total stockholders’ equity | US$ in thousands | 6,344,300 | 6,169,200 | 6,410,300 | 6,420,600 | 6,388,200 | 6,139,900 | 6,276,700 | 6,383,700 | 6,370,000 | 2,694,800 | 2,665,000 | 2,584,100 | 2,544,400 | 2,421,900 | 2,319,100 | 2,270,600 | 2,351,100 | 2,301,300 | 2,401,000 | 2,414,900 |
| Debt-to-equity ratio | 1.01 | 1.05 | 1.03 | 1.12 | 0.31 | 0.35 | 0.34 | 0.32 | 0.30 | 0.24 | 0.30 | 0.30 | 0.33 | 0.35 | 0.49 | 0.60 | 0.48 | 0.52 | 0.51 | 0.50 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,377,000K ÷ $6,344,300K
= 1.01
The debt-to-equity ratio of Regal Rexnord Corp has been fluctuating over the past eight quarters. In Q4 2022, the company had a relatively low ratio of 0.32, indicating a conservative level of debt compared to equity. However, in Q1 2023, the ratio increased significantly to 1.13, suggesting a higher reliance on debt to finance its operations.
Subsequently, the ratio fluctuated between 1.01 and 1.05 in Q4 and Q3 2023 before dropping slightly to 1.04 in Q2 2023. These values indicate that the company's debt levels relative to equity have remained elevated throughout 2023.
Overall, the trend in Regal Rexnord Corp's debt-to-equity ratio over the past year suggests a varying degree of leverage in the company's capital structure. Investors and stakeholders may want to closely monitor this ratio to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023