Donaldson Company Inc (DCI)
Debt-to-equity ratio
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,489,100 | 1,320,700 | 1,133,200 | 1,137,100 | 992,900 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,489,100K
= 0.00
Based on the data provided, the debt-to-equity ratio for Donaldson Company Inc has consistently been reported as 0.00 for the past five years, from July 31, 2020, to July 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or very minimal debt relative to its equity. This could suggest that Donaldson Company Inc relies more on equity financing rather than debt financing to support its operations and growth, which may be viewed positively by investors and creditors as it signifies lower financial risk and better financial health. However, it is essential to consider other financial metrics and factors to gain a holistic understanding of the company's overall financial position and performance.