Dover Corporation (DOV)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 6,954,000 | 5,698,000 | 5,363,620 | 5,152,850 | 5,106,600 | 4,832,500 | 4,662,100 | 4,460,560 | 4,286,370 | 3,991,430 | 4,388,520 | 4,329,780 | 4,189,530 | 3,891,820 | 3,719,300 | 3,499,140 | 3,385,770 | 3,246,420 | 3,089,530 | 2,980,680 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,954,000K)
= 0.00
The debt-to-capital ratio of Dover Corporation has consistently been 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This suggests that Dover Corporation has not used any debt financing to fund its operations and investments during this period. A debt-to-capital ratio of 0.00 indicates that the company's capital structure is primarily equity-based, with no financial leverage from debt. This low debt-to-capital ratio may imply that the company has a strong financial position, as it is not relying on debt to finance its activities. It also indicates a lower level of financial risk, as there is no debt that needs to be serviced or repaid.
Peer comparison
Dec 31, 2024