Eaton Corporation PLC (ETN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 38,432,000 | 35,014,000 | 34,027,000 | 31,824,000 | 32,805,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $38,432,000K
= 0.00
The debt-to-assets ratio of Eaton Corporation plc has remained fairly consistent over the past five years, hovering around 0.25. This indicates that, on average, the company finances approximately 25% of its total assets through debt. A decreasing trend in the ratio would suggest a lower reliance on debt financing, while an increasing trend may indicate a higher level of debt relative to assets. In this case, the stability of the ratio suggests that Eaton Corporation plc has maintained a consistent balance between debt and assets in its capital structure over the period analyzed.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
Eaton Corporation PLC
ETN
0.00
Curtiss-Wright Corporation
CW
0.23
Enerpac Tool Group Corp
EPAC
0.28