Timken Company (TKR)
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 | 1,790,300 | 1,601,600 | 2,046,500 | 1,978,800 | 1,914,200 | 1,411,300 | 1,734,300 | 1,747,200 | 1,411,100 | 1,417,000 | 1,424,300 | 1,423,700 | 1,433,900 | 1,533,000 | 1,730,100 | 1,785,800 | 1,648,100 | 1,553,500 | 1,642,600 | 1,746,500 |
| Total assets | US$ in thousands | 6,541,700 | 6,244,700 | 6,251,300 | 5,853,000 | 5,772,400 | 5,281,900 | 5,442,500 | 5,458,500 | 5,170,700 | 5,145,600 | 5,166,200 | 5,106,200 | 5,041,600 | 4,909,100 | 4,901,000 | 4,980,000 | 4,859,900 | 4,565,300 | 4,674,200 | 4,680,700 |
| Debt-to-assets ratio | 0.27 | 0.26 | 0.33 | 0.34 | 0.33 | 0.27 | 0.32 | 0.32 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | 0.31 | 0.35 | 0.36 | 0.34 | 0.34 | 0.35 | 0.37 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,790,300K ÷ $6,541,700K
= 0.27
The debt-to-assets ratio of Timken Co. has been relatively stable over the past eight quarters, ranging from 0.33 to 0.37. This ratio indicates the proportion of the company's assets that are financed by debt, with lower ratios suggesting less reliance on debt for financing.
With the ratio hovering around 0.34 to 0.35 in recent quarters, it appears that Timken Co. maintains a moderate level of leverage in its capital structure. This could indicate that the company has been able to effectively manage its debt levels while preserving a healthy asset base.
Overall, the consistency of the debt-to-assets ratio over the periods analyzed suggests that Timken Co. has been maintaining a balanced approach to financing its operations, neither overly conservative nor excessively risky in its debt management practices.
Peer comparison
Dec 31, 2023