IDEX Corporation (IEX)
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 | 3,794,700 | 3,541,400 | 3,039,300 | 2,803,100 | 2,540,200 |
| 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 ÷ $3,794,700K
= 0.00
The debt-to-equity ratio of IDEX Corporation has been consistently at 0.00 across the years 2020 to 2024. This indicates that the company has not used debt financing to fund its operations, and its capital structure is primarily equity-based. A debt-to-equity ratio of 0.00 signifies that the company has no debt obligations relative to its equity, suggesting a low financial risk and potentially a strong financial position. However, it is essential to consider the industry norms and the company's specific circumstances when evaluating the implications of such a low debt-to-equity ratio for IDEX Corporation.
Peer comparison
Dec 31, 2024