Dover Corporation (DOV)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 12,509,200 11,913,000 11,291,800 11,987,000 11,348,500 10,772,100 10,901,600 10,804,600 10,896,500 10,652,300 10,807,400 10,501,000 10,403,600 9,902,980 9,630,000 9,270,890 9,152,070 8,985,970 9,114,130 8,944,250
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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

Dover Corporation has consistently maintained a debt-to-assets ratio of 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets over this time frame. A debt-to-assets ratio of 0.00 suggests that the company has used a combination of equity and retained earnings to finance its assets, rather than relying on external borrowings. This can be seen as a positive sign of financial stability and solvency, as a lower debt-to-assets ratio indicates lower financial risk and less leverage in the company's capital structure. Overall, the consistent 0.00 debt-to-assets ratio reflects Dover Corporation's conservative financial management and strong balance sheet position.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
Dover Corporation
DOV
0.00
ChampionX Corporation
CHX
0.17