Trimble Inc (TRMB)

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 2,536,200 2,995,400 3,184,700 1,786,900 1,220,000 1,244,600 994,100 1,293,200 1,291,400 1,564,500 1,694,700 1,624,200 1,514,000 1,513,600 1,647,800
Total assets US$ in thousands 9,539,300 9,330,700 9,556,300 8,012,900 7,269,000 7,077,700 6,919,500 7,177,400 7,099,600 7,003,400 6,962,200 6,780,500 6,876,900 6,624,300 6,645,000 6,705,700 6,640,700 5,803,900 5,876,100 5,920,100
Debt-to-assets ratio 0.27 0.32 0.33 0.22 0.17 0.18 0.14 0.00 0.18 0.00 0.00 0.00 0.19 0.00 0.24 0.25 0.24 0.26 0.26 0.28

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,536,200K ÷ $9,539,300K
= 0.27

The debt-to-assets ratio of Trimble Inc has fluctuated over the past few years, indicating variations in the company's leverage and financial risk. In the most recent period, as of December 31, 2023, the ratio stood at 0.27, suggesting that 27% of the company's assets were financed by debt. This ratio has increased from the previous quarter but remains below the levels seen in mid-2023.

Looking further back, the trend shows that the ratio has generally been within a moderate range, peaking at 0.33 in June 2023 and reaching a low of 0.00 in March 2022 and September 2021. The sudden drops to 0.00 could indicate instances where the company held minimal or no debt relative to its assets, possibly due to specific financial decisions or transactions during those periods.

Overall, the current ratio of 0.27 suggests that Trimble Inc maintains a relatively conservative capital structure with a moderate reliance on debt to finance its operations and investments. Investors and stakeholders should continue to monitor the company's debt management practices to assess its long-term financial health and stability.


Peer comparison

Dec 31, 2023