Innospec Inc (IOSP)
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 | — | — | — | — | 0 |
| Total assets | US$ in thousands | 1,734,700 | 1,707,400 | 1,603,700 | 1,570,900 | 1,397,400 |
| 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 ÷ $1,734,700K
= 0.00
The debt-to-assets ratio for Innospec Inc has consistently remained 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 its assets during this period. With a debt-to-assets ratio of 0.00, Innospec Inc appears to have a strong financial position with no significant reliance on debt to fund its operations and investments. This implies that the company may have a low financial risk associated with debt repayment obligations and may have a conservative approach to capital structure management.
Peer comparison
Dec 31, 2024