ITT Inc (ITT)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,762,600 | 2,528,200 | 2,248,100 | 2,225,800 | 2,126,400 |
| Debt-to-equity ratio | 0.08 | 0.00 | 0.00 | 0.00 | 0.01 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $232,600K ÷ $2,762,600K
= 0.08
The debt-to-equity ratio of ITT Inc has shown a declining trend over the years, indicating a strong financial position with minimal reliance on debt for financing its operations. As of December 31, 2020, the ratio was 0.01, suggesting a conservative capital structure with a low level of debt relative to equity. Subsequently, in 2021, 2022, and 2023, the ratio remained at 0.00, indicating that the company had no debt and relied entirely on equity to fund its activities during these years. However, by the end of 2024, the ratio increased to 0.08, indicating a slight uptick in the utilization of debt financing compared to the prior years. Overall, the trend suggests that ITT Inc has been managing its debt levels prudently and maintaining a healthy balance between debt and equity to support its business operations.
Peer comparison
Dec 31, 2024