Ingredion Incorporated (INGR)
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 | 7,444,000 | 7,642,000 | 7,561,000 | 6,999,000 | 6,858,000 |
| 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 ÷ $7,444,000K
= 0.00
The debt-to-assets ratio of Ingredion Incorporated has remained consistently at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company's total debt is negligible compared to its total assets. A debt-to-assets ratio of 0.00 suggests that the company relies more on equity financing rather than debt financing to fund its operations and investments. This can be considered a positive indicator of financial stability and solvency, as the company has a lower risk of defaulting on its debt obligations. It also signifies that Ingredion has a strong financial position with a healthy balance sheet, as it has a larger proportion of assets financed by equity.
Peer comparison
Dec 31, 2024