TE Connectivity Ltd (TEL)
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 | 3,585,000 | 3,529,000 | 3,915,000 | 3,916,000 | 3,398,000 | 3,292,000 | 3,380,000 | 3,441,000 | 3,519,000 | 3,589,000 | 3,629,000 | 3,602,000 | 3,516,000 | 3,452,000 | 3,395,000 | 3,752,000 | 3,412,000 | 3,395,000 | 3,434,000 | 3,370,000 |
| Total assets | US$ in thousands | 23,071,000 | 21,712,000 | 21,701,000 | 21,490,000 | 21,353,000 | 20,782,000 | 21,348,000 | 21,451,000 | 21,409,000 | 21,462,000 | 21,058,000 | 20,967,000 | 20,266,000 | 19,242,000 | 18,840,000 | 19,367,000 | 19,976,000 | 19,694,000 | 19,748,000 | 19,262,000 |
| Debt-to-assets ratio | 0.16 | 0.16 | 0.18 | 0.18 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.18 | 0.18 | 0.19 | 0.17 | 0.17 | 0.17 | 0.17 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,585,000K ÷ $23,071,000K
= 0.16
The debt-to-assets ratio of TE Connectivity Ltd has been relatively stable over the periods analyzed, ranging between 0.16 and 0.19. This ratio indicates the proportion of the company's total assets financed by debt, with a lower ratio typically suggesting lower financial risk. TE Connectivity Ltd's consistent debt-to-assets ratio around 0.16 to 0.18 reflects a sound balance between debt and assets, signaling a conservative approach to leverage. However, the slight increase in the ratio from 0.16 to 0.19 from March 2020 to March 2020 warrants further monitoring to ensure sustainable and prudent levels of debt relative to assets.
Peer comparison
Dec 31, 2023