Ingersoll Rand Inc (IR)

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 18,009,800 15,563,500 14,765,900 15,154,500 16,058,600
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 ÷ $18,009,800K
= 0.00

The debt-to-assets ratio of Ingersoll Rand Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This suggests that the company has not utilized debt as a significant source of financing relative to its total assets during this period. A lower debt-to-assets ratio typically indicates a lower financial risk, as the company is not heavily reliant on borrowed funds to support its operations and investments. Ingersoll Rand Inc's stable and low debt-to-assets ratio may indicate a strong financial position and a conservative approach to capital structure management. It implies that the company may have a healthy balance between debt and equity financing, which could potentially enhance its financial stability and creditworthiness.