Brinks Company (BCO)
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 | 6,623,100 | 6,601,800 | 6,366,000 | 5,566,700 | 5,135,600 |
| 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 ÷ $6,623,100K
= 0.00
The debt-to-assets ratio of Brinks Company remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing to support its operations or acquisitions during this period. A low or zero debt-to-assets ratio can signify a strong financial position, as it suggests that the company's assets are primarily funded through equity rather than debt. It may reflect a conservative approach to managing financial risk and could be viewed positively by investors and creditors. However, it is essential to consider the specific circumstances of the company, including its industry, growth plans, and overall financial strategy, to fully evaluate the implications of this ratio on its financial health and performance.
Peer comparison
Dec 31, 2024