Gentex Corporation (GNTX)
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 | 2,467,950 | 2,312,520 | 2,065,790 | 1,937,990 | 1,963,940 |
| 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 + $2,467,950K)
= 0.00
The debt-to-capital ratio of Gentex Corporation has been consistently at 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or investments relative to its capital structure during this period. A debt-to-capital ratio of 0.00% suggests that the company's capital structure is primarily equity-funded, which may indicate a low financial risk and a strong financial position. It also implies that the company may not have significant interest expenses, resulting in lower financial leverage and potential risk exposure to fluctuations in interest rates. Overall, Gentex Corporation's consistent 0.00% debt-to-capital ratio reflects a conservative approach to debt management and a stable financial position.
Peer comparison
Dec 31, 2024