Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,189,000 | 2,348,200 | 2,422,400 | 2,521,600 | 2,585,700 | 2,635,900 | 2,599,200 | 2,584,500 | 2,583,800 | 2,583,100 | 1,982,500 | 1,981,800 |
| Total assets | US$ in thousands | 4,294,000 | 4,221,900 | 4,205,600 | 4,278,500 | 4,343,300 | 4,263,700 | 4,219,200 | 4,300,100 | 4,349,800 | 4,171,600 | 3,339,700 | 3,284,100 |
| Debt-to-assets ratio | 0.51 | 0.56 | 0.58 | 0.59 | 0.60 | 0.62 | 0.62 | 0.60 | 0.59 | 0.62 | 0.59 | 0.60 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,189,000K ÷ $4,294,000K
= 0.51
The debt-to-assets ratio for Vontier Corporation has shown a gradual decrease over the past eight quarters, dropping from 0.60 in Q4 2022 to 0.53 in Q4 2023. This indicates that the company has been able to lower its debt relative to its total assets over this period.
A decreasing debt-to-assets ratio is generally viewed positively by investors and creditors as it suggests that the company is becoming less reliant on debt financing and has a stronger ability to cover its debts with its assets.
However, it is important to consider the specific industry and business circumstances when interpreting this ratio, as certain industries may typically have higher or lower debt levels. Overall, the trend of decreasing debt-to-assets ratio for Vontier Corporation indicates improving financial health and a stronger balance sheet position.
Peer comparison
Dec 31, 2023