Allegion PLC (ALLE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,487,800 | 4,311,500 | 3,991,200 | 3,051,000 | 3,069,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,487,800K
= 0.00
The debt-to-assets ratio for Allegion PLC has remained consistent at 0.00% from December 31, 2020, to December 31, 2024. This indicates that Allegion PLC has not utilized debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00% suggests that the company's assets are primarily financed through equity rather than debt, which may indicate a strong financial position in terms of solvency and financial risk. However, it's important to note that a low debt-to-assets ratio may also mean missed opportunities for leveraging financial leverage for potentially higher returns on equity.