Allegion PLC (ALLE)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,500,700 | 1,318,300 | 944,500 | 762,400 | 829,400 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,500,700K
= 0.00
Based on the provided data, Allegion PLC has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and growth during this period. A debt-to-equity ratio of 0.00 typically signifies that the company is primarily relying on equity financing, which can be seen as a positive indicator of financial stability and solvency. However, it's important to note that a low debt-to-equity ratio may also suggest a missed opportunity to leverage debt for potential growth or tax advantages.