Gentex Corporation (GNTX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,467,950K
= 0.00
The debt-to-equity ratio of Gentex Corporation, as evidenced by the data provided, has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt or is using very minimal debt in relation to its equity. A debt-to-equity ratio of 0.00 suggests that the company's operations are primarily financed through equity rather than debt, reflecting a strong financial position and low financial risk. It implies that Gentex Corporation may have a conservative capital structure and is not heavily reliant on external borrowing to fund its operations or expansion. This stable and low debt-to-equity ratio may be viewed positively by investors and creditors interested in the company's financial stability and ability to manage its financial obligations. It also indicates that Gentex Corporation may have ample financial flexibility and capacity to pursue growth opportunities or weather economic uncertainties without the burden of significant debt obligations.
Peer comparison
Dec 31, 2024