IDEX Corporation (IEX)
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 | 3,794,700 | 3,818,900 | 3,653,800 | 3,618,600 | 3,541,400 | 3,387,100 | 3,278,700 | 3,229,200 | 3,039,300 | 2,802,800 | 2,788,200 | 2,899,000 | 2,803,100 | 2,726,240 | 2,672,800 | 2,609,930 | 2,540,200 | 2,396,530 | 2,261,040 | 2,229,790 |
| 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 + $3,794,700K)
= 0.00
The debt-to-capital ratio for IDEX Corporation has consistently remained at 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that during this period, the company's total debt relative to its total capital has been negligible or non-existent. A debt-to-capital ratio of 0.00 typically suggests that the company has not relied heavily on debt financing to fund its operations and growth, which can generally be viewed positively by investors and creditors as it indicates a lower level of financial risk. It also implies that the company has a strong capital structure with a higher proportion of equity compared to debt. A consistent low debt-to-capital ratio may reflect a conservative financial strategy and a solid financial position for IDEX Corporation.
Peer comparison
Dec 31, 2024