Equifax Inc (EFX)
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 | 11,759,400 | 12,280,000 | 11,547,900 | 11,040,900 | 9,611,800 |
| 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 ÷ $11,759,400K
= 0.00
Equifax Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt financing to fund its operations and asset acquisitions during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed by equity, which may imply a strong financial position and lower financial risk. However, it is essential to consider other factors such as the nature of the industry and business strategy when evaluating the significance of this ratio.