Dover Corporation (DOV)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,954,000K
= 0.00

The debt-to-equity ratio of Dover Corporation has remained consistently at 0.00 for the last few years, based on the data provided from March 31, 2020, to December 31, 2024. This indicates that the company is not relying heavily on debt financing to fund its operations and investments. A low debt-to-equity ratio is generally viewed positively as it suggests a lower financial risk for the company. It also signifies that the company has a strong equity base compared to its debt, which can provide stability and financial flexibility in the long term. However, it's important to note that a very low debt-to-equity ratio may also indicate underutilization of debt, which could potentially limit the company's growth opportunities.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-equity ratio
Dover Corporation
DOV
0.00
ChampionX Corporation
CHX
0.32