Trimble Inc (TRMB)

Debt-to-equity 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-equity ratio 0.56 0.69 0.74 0.42 0.30 0.32 0.26 0.00 0.33 0.00 0.00 0.00 0.36 0.00 0.49 0.55 0.52 0.54 0.54 0.60

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,536,200K ÷ $4,500,100K
= 0.56

The debt-to-equity ratio for Trimble Inc has shown fluctuations over the past five years. As of December 31, 2023, the ratio stands at 0.56, indicating that the company's debt level is 56% of its equity. This suggests a moderate reliance on debt to finance its operations and growth.

The trend in the debt-to-equity ratio reveals an increase in leverage from the fourth quarter of 2022 to the third quarter of 2023, reaching a peak of 0.74 in June 2023. This spike may signal a period of increased borrowing relative to equity. However, the ratio decreased to 0.42 by the end of March 2023, indicating improved debt management.

Comparing this to historical data, the ratio was relatively stable in the range of 0.30 to 0.36 during 2021 and 2022. Notably, the company had zero or near-zero debt in certain quarters of 2022 and 2021, suggesting a conservative financial approach during those periods.

Overall, monitoring the debt-to-equity ratio is crucial for assessing Trimble Inc's financial leverage and risk management strategies, as well as understanding the company's capital structure and funding sources.


Peer comparison

Dec 31, 2023