Franklin Electric Co Inc (FELE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,820,610,000 | 1,728,120 | 1,694,200 | 1,575,160 | 1,272,310 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,820,610,000K
= 0.00
The debt-to-assets ratio of Franklin Electric Co Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company is not relying on debt financing to support its operations and investments, which may indicate financial stability and lower default risk. However, it's important to note that having no debt may also mean missed opportunities for leveraging financial leverage for growth or tax benefits. Overall, a low or zero debt-to-assets ratio could be considered a positive indicator of financial health and prudent financial management.
Peer comparison
Dec 31, 2024