Gentex Corporation (GNTX)
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 | 2,467,950 | 2,417,630 | 2,400,300 | 2,376,360 | 2,312,520 | 2,268,450 | 2,195,950 | 2,123,260 | 2,065,790 | 2,034,050 | 1,986,570 | 1,928,970 | 1,937,990 | 1,887,630 | 1,916,320 | 1,960,980 | 1,963,940 | 1,895,610 | 1,822,610 | 1,834,610 |
| 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 + $2,467,950K)
= 0.00
Gentex Corporation has consistently maintained a debt-to-capital ratio of 0.00 across all reported periods from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not utilized debt as a source of capital relative to its total capital structure during the analyzed time frame. This suggests that Gentex Corporation relies primarily on equity financing rather than debt financing to fund its operations and growth initiatives. A low or zero debt-to-capital ratio can be viewed as a positive indicator of financial stability and solvency, as it signifies a lower financial risk and a reduced interest burden. Overall, Gentex Corporation's consistent debt-to-capital ratio of 0.00 reflects a conservative capital structure strategy.
Peer comparison
Dec 31, 2024