Dover Corporation (DOV)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,954,000K
= 0.00
Dover Corporation has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing relative to its equity during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is primarily using equity to fund its operations, which can be viewed positively as it signifies lower financial risk and potential stability in the company's capital structure. However, it is also important to consider the context and industry norms when evaluating the significance of this ratio.
Peer comparison
Dec 31, 2024