Eaton Corporation PLC (ETN)
Debt-to-assets ratio
| 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 38,432,000 | 37,289,000 | 36,772,000 | 35,517,000 | 35,014,000 | 34,364,000 | 35,153,000 | 35,208,000 | 34,027,000 | 34,128,000 | 36,804,000 | 34,080,000 | 31,824,000 | 30,985,000 | 30,348,000 | 30,845,000 | 32,805,000 | 31,895,000 | 32,244,000 | 31,649,000 |
| 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 | 0.00 | 0.00 | 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
Eaton Corporation plc's debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.24 to 0.28. A lower debt-to-assets ratio indicates a lower proportion of debt relative to total assets, which typically signifies a more conservative financial structure.
The slight fluctuations in the ratio between 0.24 and 0.28 suggest that Eaton Corporation plc has been able to effectively manage its debt levels relative to its assets over this period. The ratio has shown a slight decrease from 0.28 in Q2 2022 to 0.24 in Q4 2023, which indicates a potential improvement in the company's debt management.
Overall, Eaton Corporation plc's debt-to-assets ratio indicates a moderate level of leverage, which suggests a balanced approach to financing its operations and investments. This stable ratio trend provides insights into the company's financial health and risk management practices.
Peer comparison
Dec 31, 2023