ESAB Corp (ESAB)
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 | 4,033,980 | 3,828,630 | 3,754,020 | 3,461,260 | 3,385,830 |
| 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 ÷ $4,033,980K
= 0.00
The debt-to-assets ratio for ESAB Corp consistently remained at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company did not have any debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is primarily financed by equity rather than debt, which can be viewed positively as it implies lower financial risk and potentially greater financial stability. It also indicates that ESAB Corp may have a strong financial position and may not be overly leveraged, allowing it to potentially have more flexibility in managing its operations and investments.
Peer comparison
Dec 31, 2024