Eaton Corporation PLC (ETN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 18,488,000 | 19,036,000 | 17,038,000 | 16,413,000 | 14,930,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $18,488,000K)
= 0.00
The debt-to-capital ratio for Eaton Corporation PLC has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This implies that the company has not utilized debt as a significant source of capital relative to its total capital structure during this period. A debt-to-capital ratio of 0.00 indicates that the company's capital structure is primarily fueled by equity rather than debt financing. It suggests a lower financial risk as the company is not heavily reliant on borrowed funds. Additionally, a low debt-to-capital ratio may signify strong financial stability and the ability to fund its operations and growth initiatives with internal resources and equity financing.
Peer comparison
Dec 31, 2024