Interface Inc (TILE)
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 | Jul 5, 2020 | Apr 5, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 408,641 | 435,899 | 465,348 | 490,901 | 510,003 | 507,094 | 530,716 | 506,803 | 503,056 | 509,912 | 541,395 | 547,395 | 561,251 | 548,827 | 589,130 | 596,423 | 565,178 | 594,581 | 641,106 | 610,895 |
| Total assets | US$ in thousands | 1,230,100 | 1,201,640 | 1,219,950 | 1,253,200 | 1,266,500 | 1,240,630 | 1,313,450 | 1,309,780 | 1,330,060 | 1,289,240 | 1,322,210 | 1,295,330 | 1,306,010 | 1,305,780 | 1,300,970 | 1,287,080 | 1,423,050 | 1,424,540 | 1,454,290 | 1,405,070 |
| Debt-to-assets ratio | 0.33 | 0.36 | 0.38 | 0.39 | 0.40 | 0.41 | 0.40 | 0.39 | 0.38 | 0.40 | 0.41 | 0.42 | 0.43 | 0.42 | 0.45 | 0.46 | 0.40 | 0.42 | 0.44 | 0.43 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $408,641K ÷ $1,230,100K
= 0.33
Interface Inc.'s debt-to-assets ratio has been gradually decreasing over the past eight quarters. The ratio decreased from 0.41 in Q4 2022 to 0.34 in Q4 2023, indicating that the company has been reducing its debt relative to its total assets. This trend suggests that Interface Inc. has been managing its debt levels effectively, which can lead to improved financial stability and lower financial risk. A lower debt-to-assets ratio typically signifies that the company has lower financial leverage and is less reliant on debt financing. Overall, a decreasing debt-to-assets ratio can be seen as a positive indicator of Interface Inc.'s financial health and management's prudent debt management practices.
Peer comparison
Dec 31, 2023