Dover Corporation (DOV)
Debt-to-capital 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 | 6,954,000 | 5,106,600 | 4,286,370 | 4,189,530 | 3,385,770 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,954,000K)
= 0.00
The debt-to-capital ratio for Dover Corporation remained consistent at 0.00 from December 31, 2020, through December 31, 2024. This ratio indicates that the company has not utilized any debt to finance its operations and investments relative to its total capital, which consists of both debt and equity. A consistently low or zero debt-to-capital ratio may reflect a conservative financial approach, indicating that the company is relying more on equity financing or internal resources to fund its activities. It suggests a lower financial risk as the absence of debt obligations may lead to lower interest expenses and potential financial distress. However, it is essential to consider other financial metrics and industry benchmarks to assess the overall financial health and performance of Dover Corporation.
Peer comparison
Dec 31, 2024