Trimble Inc (TRMB)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,500,100 | 4,343,000 | 4,331,300 | 4,245,200 | 4,050,200 | 3,844,800 | 3,894,500 | 3,987,900 | 3,944,700 | 3,881,800 | 3,838,600 | 3,673,600 | 3,596,900 | 3,350,000 | 3,211,900 | 3,101,300 | 3,119,000 | 2,786,800 | 2,824,000 | 2,741,700 |
| Debt-to-capital ratio | 0.36 | 0.41 | 0.42 | 0.30 | 0.23 | 0.24 | 0.20 | 0.00 | 0.25 | 0.00 | 0.00 | 0.00 | 0.26 | 0.00 | 0.33 | 0.35 | 0.34 | 0.35 | 0.35 | 0.38 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,536,200K ÷ ($2,536,200K + $4,500,100K)
= 0.36
The debt-to-capital ratio of Trimble Inc has shown fluctuations over the periods presented. The ratio was at 0.36 as of December 31, 2023, indicating that debt accounted for 36% of the company's total capital structure. The trend in the ratio has varied, with some quarters showing higher levels of debt relative to capital, such as in June 2023 and September 2023 where the ratio reached 0.42 and 0.41 respectively. Conversely, there were periods where the company had lower levels of debt, as seen in March 2022 when the ratio was at 0.00.
Overall, the debt-to-capital ratio for Trimble Inc has exhibited some volatility, suggesting fluctuations in the company's leverage and capital structure over the periods. It is important for stakeholders to monitor these changes to assess the company's financial risk and ability to meet its debt obligations.
Peer comparison
Dec 31, 2023