Graco Inc (GGG)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,584,140 | 2,513,290 | 2,418,480 | 2,335,650 | 2,224,220 | 2,188,530 | 2,116,310 | 1,986,340 | 1,859,650 | 1,788,310 | 1,757,270 | 1,690,260 | 1,709,340 | 1,564,350 | 1,481,260 | 1,382,500 | 1,283,900 | 1,165,940 | 1,026,970 | 1,018,660 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Graco Inc has consistently maintained a debt-to-capital ratio of 0.00 for each reporting period from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 typically indicates that the company has no debt in its capital structure, or any existing debt is negligible compared to its total capital. This suggests that Graco Inc has been operating with a capital structure primarily financed by equity rather than debt. It may signify a lower financial risk as the company is not highly leveraged, which could offer flexibility in managing its operations and financial obligations. However, it is important to note that a very low or zero debt-to-capital ratio could also reflect potential limitations in leveraging debt as a financing option for potential growth opportunities. Overall, the consistent 0.00 debt-to-capital ratio for Graco Inc reflects a conservative financial strategy regarding debt management.
Peer comparison
Dec 31, 2024