Graco Inc (GGG)

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	3,139,210	2,722,010	2,438,900	2,443,200	1,988,130
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 ÷ $3,139,210K
= 0.00

The debt-to-assets ratio of Graco Inc has remained consistently at 0.00 for the years ending on December 31, from 2020 to 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which may suggest a low risk of financial distress due to debt obligations. Graco Inc's stable and low debt-to-assets ratio reflects a conservative financial strategy focused on maintaining a strong balance sheet with minimal leverage.

Peer comparison

Dec 31, 2024

Company name

Symbol

Debt-to-assets ratio

Graco Inc

GGG

0.00

Enovis Corp

ENOV

0.00

Flowserve Corporation