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.
Peer comparison
Dec 31, 2024