Corteva Inc (CTVA)
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 | 23,789,000 | 25,037,000 | 25,302,000 | 25,384,000 | 24,824,000 |
| 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 ÷ $23,789,000K
= 0.00
The debt-to-equity ratio for Corteva Inc has remained consistently at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company is entirely financed by equity and has no debt in its capital structure. A debt-to-equity ratio of 0.00 signifies a conservative financial position with a lower level of financial risk, as there is no reliance on debt to fund operations or investments. Corteva's strong equity financing may indicate financial stability and a lower likelihood of defaulting on debt obligations. However, it's essential to consider the industry norms and the company's specific circumstances to fully assess the implications of such a low debt-to-equity ratio.
Peer comparison
Dec 31, 2024