Eaton Corporation PLC (ETN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $18,488,000K
= 0.00
Eaton Corporation PLC has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This implies that the company has no debt relative to its equity during this period. A debt-to-equity ratio of 0.00 indicates that the company is not relying on debt to finance its operations and investments, which may be viewed positively by investors and creditors. It suggests a strong financial position and potentially lower financial risk, as the company's operations are predominantly financed by equity. However, it is important to assess the company's overall financial health and performance using additional financial metrics and analysis in conjunction with the debt-to-equity ratio.
Peer comparison
Dec 31, 2024