ITT Inc (ITT)

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	232,600	5,700	7,700	9,900	13,000
Total assets	US$ in thousands	4,710,700	3,932,600	3,780,300	3,565,400	4,277,600
Debt-to-assets ratio		0.05	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $232,600K ÷ $4,710,700K
= 0.05

ITT Inc's debt-to-assets ratio has remained relatively stable at 0.00 from December 31, 2020, to December 31, 2023. This indicates that the company has not relied heavily on debt to finance its operations and acquisitions during this period. However, there is a slight increase in the ratio to 0.05 as of December 31, 2024, suggesting a small proportion of the company's assets are funded by debt. Overall, the financial position appears to be strong, with low debt levels in relation to total assets throughout the years, indicating a conservative financial strategy.

Peer comparison

Dec 31, 2024

Company name

Symbol

Debt-to-assets ratio

ITT Inc

ITT

0.05

Enovis Corp

ENOV

0.10

Flowserve Corporation