Ecolab Inc (ECL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 22,387,800 | 21,846,600 | 21,464,300 | 21,206,400 | 18,126,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $22,387,800K
= 0.00
Based on the provided data, Ecolab Inc's debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that Ecolab Inc's assets are primarily financed by equity rather than debt. This can be viewed positively as it signifies a low financial risk and a strong financial position with minimal debt obligations relative to the company's assets. Investors and creditors may perceive Ecolab Inc as having a stable financial structure and strong solvency due to the low debt-to-assets ratio. However, it is important to consider other financial metrics and factors when assessing the overall financial health and performance of the company.
Peer comparison
Dec 31, 2024