IDEX Corporation (IEX)
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 | 6,745,300 | 5,865,200 | 5,511,900 | 4,917,200 | 4,414,400 |
| 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 ÷ $6,745,300K
= 0.00
The debt-to-assets ratio for IDEX Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically reflects a strong financial position with minimal financial risk associated with debt obligations. However, it is important to note that a very low debt-to-assets ratio may also suggest limited leverage for potential growth opportunities or tax advantages. Overall, IDEX Corporation's consistent 0.00 debt-to-assets ratio demonstrates a conservative capital structure and a strong ability to fund its operations and investments through equity and retained earnings.
Peer comparison
Dec 31, 2024