Graco Inc (GGG)
Debt-to-capital 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 | 2,584,140 | 2,224,220 | 1,859,650 | 1,709,340 | 1,283,900 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,584,140K)
= 0.00
The debt-to-capital ratio of Graco Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations during this period and has relied solely on equity to fund its capital structure. A debt-to-capital ratio of 0.00 typically suggests a low level of financial risk, as the company is not exposed to the obligations and interest payments associated with debt financing. Graco Inc appears to have maintained a conservative financial strategy with minimal reliance on external borrowing, which could be viewed positively by investors and lenders.
Peer comparison
Dec 31, 2024