Xylem Inc (XYL)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,978,000 | 1,977,000 | 1,985,000 | 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 |
| Total assets | US$ in thousands | 16,493,000 | 16,046,000 | 15,924,000 | 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 |
| Debt-to-assets ratio | 0.12 | 0.12 | 0.12 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,978,000K ÷ $16,493,000K
= 0.12
The debt-to-assets ratio of Xylem Inc has shown fluctuation over the past few years. It stood at 0.26 as of December 31, 2019, increased to 0.36 by June 30, 2020, and then decreased to 0.28 by December 31, 2020. Subsequently, the ratio hovered around the 0.28 to 0.30 range until March 31, 2022, where it dropped to 0.23. The ratio remained stable at 0.23 from March 2022 to September 30, 2022, before increasing marginally to 0.24 by December 31, 2022 and remaining at that level until March 31, 2023.
A noticeable decline occurred by June 30, 2023, where the debt-to-assets ratio decreased substantially to 0.14, and it remained at the same level until December 31, 2024. The ratio experienced no change during the last three quarters of 2024. This decreasing trend in the debt-to-assets ratio indicates that Xylem Inc is relying less on debt financing compared to its total assets, which could be seen as a positive sign of financial stability and efficient management of its capital structure.
Peer comparison
Dec 31, 2024