Franklin Electric Co Inc (FELE)
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 | 1,266,100,000 | 1,206,720 | 1,067,910 | 946,482 | 847,833 |
| 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 ÷ $1,266,100,000K
= 0.00
The debt-to-equity ratio of Franklin Electric Co Inc has been consistently recorded as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt or very minimal debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company is primarily financed by equity rather than debt. It can imply a lower financial risk as there is no significant debt burden to service. However, it's important to note that a very low or zero debt-to-equity ratio may also signal missed opportunities for leveraging debt for potential growth or tax advantages.
Peer comparison
Dec 31, 2024