IDEX Corporation (IEX)
Debt-to-assets 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 assets | US$ in thousands | 6,745,300 | 6,967,500 | 5,903,300 | 5,889,400 | 5,865,200 | 5,669,600 | 5,719,900 | 5,658,000 | 5,511,900 | 4,892,600 | 4,912,800 | 4,999,700 | 4,917,200 | 4,854,580 | 4,783,000 | 4,460,730 | 4,414,400 | 4,225,600 | 4,073,590 | 3,943,680 |
| Debt-to-assets 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-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 over the past several quarters, indicating that the company has no debt on its balance sheet relative to its total assets. A debt-to-assets ratio of 0.00 signifies that the company's assets are financed entirely by equity rather than debt. This can be seen as a positive indicator of financial strength and stability, as lower debt levels usually imply lower financial risk and less dependence on external financing. However, it is essential to consider that a very low debt-to-assets ratio may also suggest underutilization of debt financing opportunities for potential growth or efficiency purposes. Continued monitoring of the company's capital structure and overall financial strategy is advisable to ensure optimal balance between debt and equity.
Peer comparison
Dec 31, 2024