Fortive Corp (FTV)

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	3,331,100	3,451,800	3,396,400	3,941,700	3,646,200	1,982,100	1,978,200	2,094,600	2,251,600	2,559,000	2,682,200	2,738,900	1,807,300	1,442,100	1,441,800	1,441,500	2,830,300	4,699,200	4,686,200	5,826,100
Total assets	US$ in thousands	17,016,100	17,453,600	17,285,000	17,520,100	16,911,800	15,664,400	15,730,700	15,804,800	15,890,600	15,893,100	16,070,900	16,266,400	16,465,500	14,976,100	14,495,500	14,278,900	16,051,500	17,199,700	16,705,700	16,931,700
Debt-to-assets ratio		0.20	0.20	0.20	0.22	0.22	0.13	0.13	0.13	0.14	0.16	0.17	0.17	0.11	0.10	0.10	0.10	0.18	0.27	0.28	0.34

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,331,100K ÷ $17,016,100K
= 0.20

The debt-to-assets ratio of Fortive Corp has shown a declining trend over the past years, indicating a decreasing reliance on debt to finance its assets. The ratio decreased from 0.34 as of March 31, 2020, to 0.20 as of December 31, 2024. This suggests that Fortive Corp has been effectively managing its debt levels in relation to its assets, potentially reducing financial risk and increasing financial stability. While the ratio fluctuated slightly during the period, it remained relatively stable around the 0.10 to 0.22 range in recent quarters. Overall, the decreasing trend in the debt-to-assets ratio reflects a prudent debt management strategy by Fortive Corp.