Gentex Corporation (GNTX)
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 | 2,760,820 | 2,611,440 | 2,327,230 | 2,131,390 | 2,197,940 |
| 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 ÷ $2,760,820K
= 0.00
The debt-to-assets ratio for Gentex Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company does not rely on debt financing to fund its assets. A low or zero debt-to-assets ratio is generally considered favorable as it suggests a lower financial risk and greater financial stability for the company. Gentex Corporation's consistent 0.00 debt-to-assets ratio over the years implies that the company has a strong financial position with a relatively low level of debt relative to its total assets, which could be perceived positively by investors and creditors.
Peer comparison
Dec 31, 2024