ESAB Corp (ESAB)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 4,033,980 | 4,084,530 | 3,967,110 | 3,827,490 | 3,828,630 | 3,756,040 | 3,862,840 | 3,849,140 | 3,754,020 | 3,539,900 | 3,673,700 | 3,781,350 | 3,461,260 |
| Debt-to-assets 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,033,980K
= 0.00
The debt-to-assets ratio of ESAB Corp remained consistently at 0.00 from December 31, 2021, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during this period. This suggests that ESAB Corp has been financing its operations primarily through equity rather than debt. A low or zero debt-to-assets ratio can be a positive sign, indicating a lower financial risk and potential for financial stability as the company is not heavily reliant on borrowed funds to support its operations. However, it's essential to consider other financial metrics and factors to have a comprehensive understanding of ESAB Corp's overall financial health and performance.
Peer comparison
Dec 31, 2024