Eaton Corporation PLC (ETN)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $19,036,000K
= 0.00
The debt-to-equity ratio of Eaton Corporation plc has shown a relatively stable trend over the past eight quarters. The ratio ranged from 0.49 to 0.52 in the most recent four quarters, indicating that the company's debt levels have been reasonably consistent compared to its equity position during this period.
Although there was a slight increase in the ratio from Q1 2022 to Q2 2023, it remained within a relatively narrow range, suggesting that Eaton Corporation plc has been managing its debt and equity levels effectively.
Overall, the debt-to-equity ratio indicates that Eaton Corporation plc relies moderately on debt financing to support its operations and growth, while also maintaining a healthy level of equity in its capital structure. The consistent nature of the ratio implies a certain level of stability in the company's financial structure over the past two years.
Peer comparison
Dec 31, 2023