Franklin Electric Co Inc (FELE)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,820,610 | 1,807,240 | 1,784,350 | 1,773,110 | 1,728,120 | 1,725,300 | 1,803,080 | 1,803,450 | 1,694,200 | 1,715,010 | 1,751,540 | 1,683,190 | 1,575,160 | 1,545,980 | 1,510,840 | 1,281,680 | 1,272,310 | 1,201,440 | 1,151,330 | 1,149,530 |
| Debt-to-assets 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, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,820,610K
= 0.00
The debt-to-assets ratio of Franklin Electric Co Inc has consistently remained at 0.00 for all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during the analyzed period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, without reliance on borrowed funds. From a financial standpoint, this suggests a conservative capital structure and a lower financial risk, as there is no debt obligation to service.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Franklin Electric Co Inc
FELE
0.00
Generac Holdings Inc
GNRC
0.24
Regal Beloit Corporation
RRX
0.00