Eaton Corporation PLC (ETN)
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 38,381,000 | 39,236,000 | 39,381,000 | 38,535,000 | 38,432,000 | 37,289,000 | 36,773,000 | 35,517,000 | 35,030,000 | 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 |
| 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, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $38,381,000K
= 0.00
The debt-to-assets ratio of Eaton Corporation PLC has consistently remained at 0.00 across the various reporting periods from March 31, 2020, to December 31, 2024. This indicates that the company does not rely heavily on debt to finance its assets and operates with a low level of financial leverage. A low debt-to-assets ratio suggests that the company has a strong financial position and may have sufficient equity to support its operations and investments. It also implies that Eaton Corporation PLC may be viewed favorably by creditors and investors due to its minimal debt exposure, potentially reducing financial risks associated with high leverage.
Peer comparison
Dec 31, 2024