Xylem Inc (XYL)
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 | 2,268,000 | 2,253,000 | 2,267,000 | 1,881,000 | 1,880,000 | 1,880,000 | 1,879,000 | 1,878,000 | 2,440,000 | 2,455,000 | 2,466,000 | 2,460,000 | 2,484,000 | 3,053,000 | 3,031,000 | 2,031,000 | 2,040,000 | 2,030,000 | 2,051,000 | 2,044,000 |
| Total assets | US$ in thousands | 16,112,000 | 15,905,000 | 16,097,000 | 7,940,000 | 7,952,000 | 8,106,000 | 8,189,000 | 8,219,000 | 8,276,000 | 8,151,000 | 8,785,000 | 8,545,000 | 8,750,000 | 8,448,000 | 8,444,000 | 7,591,000 | 7,710,000 | 7,515,000 | 7,674,000 | 7,468,000 |
| Debt-to-assets ratio | 0.14 | 0.14 | 0.14 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.29 | 0.30 | 0.28 | 0.29 | 0.28 | 0.36 | 0.36 | 0.27 | 0.26 | 0.27 | 0.27 | 0.27 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,268,000K ÷ $16,112,000K
= 0.14
The debt-to-assets ratio of Xylem Inc has exhibited fluctuations over the past eight quarters. The ratio decreased from 0.30 in Q1 2022 to 0.24 in Q4 2022 and then remained relatively stable at 0.24 in Q1 2023 and Q2 2023, indicating a lower level of debt relative to total assets.
However, there was a slight increase in the ratio to 0.16 in Q3 2023 and back to 0.14 in Q4 2023. These variations suggest that the company may have adjusted its debt levels or asset composition during this period, impacting the ratio.
Overall, Xylem Inc's debt-to-assets ratio has shown a downward trend, which can be interpreted positively as it indicates that the company relies less on debt financing and has a higher proportion of assets financed by equity. However, a thorough analysis of the company's financial health and future prospects would require considering other relevant financial ratios and factors.
Peer comparison
Dec 31, 2023