Xylem Inc (XYL)
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 | 2,268,000 | 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 stockholders’ equity | US$ in thousands | 10,166,000 | 9,930,000 | 9,899,000 | 3,578,000 | 3,494,000 | 3,215,000 | 3,195,000 | 3,198,000 | 3,218,000 | 3,093,000 | 3,040,000 | 2,937,000 | 2,968,000 | 2,867,000 | 2,856,000 | 2,812,000 | 2,957,000 | 2,886,000 | 2,894,000 | 2,796,000 |
| Debt-to-capital ratio | 0.18 | 0.18 | 0.19 | 0.34 | 0.35 | 0.37 | 0.37 | 0.37 | 0.43 | 0.44 | 0.45 | 0.46 | 0.46 | 0.52 | 0.51 | 0.42 | 0.41 | 0.41 | 0.41 | 0.42 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,268,000K ÷ ($2,268,000K + $10,166,000K)
= 0.18
The debt-to-capital ratio of Xylem Inc has shown a decreasing trend over the past eight quarters, indicating improved financial health in terms of leverage. As of Q4 2023, the ratio stood at 0.18, the lowest value in the provided data series. This suggests that Xylem relies less on debt financing relative to its total capital structure. The gradual decline from 0.43 in Q2 2022 to 0.18 in Q4 2023 indicates a positive trend of reducing financial risk and potentially enhancing the company's solvency and creditworthiness. However, it is essential to continue monitoring this ratio to ensure sustainable financial stability and efficient capital structure management.
Peer comparison
Dec 31, 2023