Ingersoll Rand Inc (IR)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total assets US$ in thousands 18,009,800 18,206,200 17,838,500 15,529,000 15,563,500 15,154,000 15,028,600 14,995,000 14,765,900 14,225,600 14,221,400 15,104,800 15,154,500 14,922,800 16,176,700 15,861,900 16,058,600 15,610,500 15,433,300 15,358,300
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 for Ingersoll Rand Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to acquire its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company relies entirely on equity to finance its assets, reflecting a low level of financial risk associated with debt obligations. Ingersoll Rand Inc's ability to maintain a consistently low debt-to-assets ratio suggests a conservative approach to financial management and a strong financial position with a minimal reliance on external borrowing to fund its operations and investments.