Fortive Corp (FTV)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	10,188,600	10,554,900	10,499,300	10,476,700	10,318,900	10,077,800	9,965,800	9,869,900	9,683,400	9,390,800	9,444,300	9,561,400	9,512,200	9,318,000	9,205,000	9,009,000	8,964,200	7,676,100	7,395,300	7,242,100
Debt-to-capital ratio		0.25	0.25	0.24	0.27	0.26	0.16	0.17	0.18	0.19	0.21	0.22	0.22	0.16	0.13	0.14	0.14	0.24	0.38	0.39	0.45

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,331,100K ÷ ($3,331,100K + $10,188,600K)
= 0.25

The debt-to-capital ratio of Fortive Corp has shown a decreasing trend from 0.45 as of March 31, 2020, to 0.25 as of December 31, 2024. This indicates a decreasing reliance on debt financing relative to the company's total capital over the analyzed period. However, it is noteworthy that the ratio fluctuated during the period, reaching its lowest point of 0.13 as of September 30, 2021, before gradually increasing again. Overall, the decreasing trend in the debt-to-capital ratio suggests that Fortive Corp has been effectively managing its debt levels in relation to its capital structure over the specified period.