Corteva Inc (CTVA)
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 | 40,825,000 | 42,996,000 | 42,618,000 | 42,344,000 | 42,649,000 |
| 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 ÷ $40,825,000K
= 0.00
The debt-to-assets ratio of Corteva Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt as a source of financing its assets during this period. A debt-to-assets ratio of 0.00 suggests that all the assets of Corteva Inc are funded by equity, which may imply that the company has strong financial stability and is not reliant on borrowing to support its operations or investments. However, it is important to note that while a low debt-to-assets ratio can signify financial strength, it may also indicate missed opportunities to leverage debt for potential growth or tax advantages.
Peer comparison
Dec 31, 2024