ITT Inc (ITT)

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	232,600	—	—	—	5,700	—	—	—	7,700	—	—	—	9,900	—	—	—	13,000	—	—	—
Total assets	US$ in thousands	4,710,700	4,944,500	4,410,300	4,403,700	3,932,600	3,802,300	3,885,400	3,767,800	3,780,300	3,690,200	3,699,900	3,725,600	3,565,400	3,454,200	3,462,300	4,179,700	4,277,600	4,176,400	4,151,300	4,276,600
Debt-to-assets ratio		0.05	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
= $232,600K ÷ $4,710,700K
= 0.05

The debt-to-assets ratio for ITT Inc remained consistently low at 0.00% from March 31, 2020, to September 30, 2024, indicating that the company has minimal debt in relation to its total assets during this period. However, there was a slight increase in the debt-to-assets ratio to 0.05% as of December 31, 2024. This uptick might suggest that ITT Inc took on a small amount of debt relative to its total assets at the end of 2024. Overall, the company's debt levels have been well-managed and stable, demonstrating a conservative approach to leverage.

Peer comparison

Dec 31, 2024

Company name

Symbol

Debt-to-assets ratio

ITT Inc

ITT

0.05

Enovis Corp

ENOV

0.10

Flowserve Corporation