Eaton Corporation PLC (ETN)
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 | 38,381,000 | 38,432,000 | 35,030,000 | 34,027,000 | 31,824,000 |
| 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 ÷ $38,381,000K
= 0.00
Eaton Corporation PLC'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 used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that Eaton Corporation PLC relies solely on equity financing to support its operations and investments, which can be seen as a positive sign of financial stability and low financial risk. It demonstrates strong financial health and indicates that the company has a conservative approach to debt management, which may be favorable to investors and creditors.
Peer comparison
Dec 31, 2024