IDEX Corporation (IEX)
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 | 3,794,700 | 3,541,400 | 3,039,300 | 2,803,100 | 2,540,200 |
| 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 + $3,794,700K)
= 0.00
The debt-to-capital ratio of IDEX Corporation has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its total capital during this period. A debt-to-capital ratio of 0.00 suggests that the company has either no debt in its capital structure or that its debt is negligible compared to its equity. Overall, maintaining a low or zero debt-to-capital ratio can signify a conservative financial strategy and lower financial risk for the company, as it is not heavily reliant on debt to fund its operations and growth.
Peer comparison
Dec 31, 2024