Donaldson Company Inc (DCI)
Debt-to-assets ratio
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,914,300 | 2,770,500 | 2,600,300 | 2,400,200 | 2,244,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,914,300K
= 0.00
The debt-to-assets ratio of Donaldson Company Inc has consistently remained at 0.00 from July 31, 2020, to July 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has not used any debt to finance its operations and has relied solely on equity to fund its assets. This suggests that Donaldson Company Inc has a conservative capital structure with minimal financial leverage, which may indicate a lower risk of financial distress or default. However, it is important to consider the company's overall financial health and performance in conjunction with this ratio analysis.