Tempur Sealy International Inc (TPX)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,502,600 | — | — | — |
| Total assets | US$ in thousands | 4,553,900 | 4,546,100 | 4,570,800 | 4,537,100 | 4,359,800 | 4,351,700 | 4,404,400 | 4,321,900 | 4,323,400 | 4,467,300 | 3,277,600 | 3,542,100 | 3,308,600 | 3,455,400 | 3,201,900 | 3,306,200 | 3,061,800 | 3,103,100 | 3,046,700 | 2,965,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.49 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,553,900K
= 0.00
Tempur Sealy International Inc's debt-to-assets ratio has shown a gradual decrease from Q4 2022 to Q1 2023. The ratio stood at 0.64 in Q4 2022 and decreased to 0.56 in Q4 2023. This downward trend indicates an improvement in the company's ability to meet its obligations with its assets, as a lower ratio suggests a lower reliance on debt financing. However, it is important to note that the ratio slightly increased in Q2 and Q3 2023 before decreasing again in Q4 2023.
Overall, with the ratio ranging between 0.56 and 0.65 over the past eight quarters, Tempur Sealy International Inc seems to maintain a moderate level of debt relative to its assets. Investors and stakeholders may find this level of leverage acceptable, but monitoring any future fluctuations in the ratio will be important to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023