Dover Corporation (DOV)
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 | 12,509,200 | 11,348,500 | 10,896,500 | 10,403,600 | 9,152,070 |
| 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 ÷ $12,509,200K
= 0.00
The debt-to-assets ratio for Dover Corporation has consistently been 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not been utilizing debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies mainly on equity financing or has very minimal debt compared to its assets. This may indicate a conservative financial strategy aimed at minimizing financial risk and maintaining a strong financial position. However, it's also important to consider the potential impact on the company's overall return on equity and cost of capital due to the absence of leverage.
Peer comparison
Dec 31, 2024