Eaton Corporation PLC (ETN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 19,036,000 | 18,383,000 | 17,953,000 | 17,449,000 | 17,038,000 | 16,068,000 | 16,380,000 | 16,620,000 | 16,413,000 | 15,971,000 | 15,408,000 | 14,995,000 | 14,930,000 | 14,476,000 | 14,188,000 | 14,245,000 | 16,082,000 | 15,848,000 | 16,306,000 | 16,233,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $19,036,000K)
= 0.00
Eaton Corporation plc's debt-to-capital ratio has shown stability in recent quarters, hovering around the range of 0.33 to 0.37. This indicates that the company's debt levels relative to its total capital have remained relatively steady. The slight variations from quarter to quarter suggest a consistent approach to managing debt and capital structure. Overall, the company appears to maintain a prudent balance between debt and equity financing, which may indicate a moderate level of risk in its financial operations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-capital ratio
Eaton Corporation PLC
ETN
0.00
Curtiss-Wright Corporation
CW
0.31
Enerpac Tool Group Corp
EPAC
0.42