Illinois Tool Works Inc (ITW)
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 | 13,692,000 | 15,518,000 | 15,422,000 | 16,077,000 | 15,612,000 |
| 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 ÷ $13,692,000K
= 0.00
The debt-to-assets ratio for Illinois Tool Works Inc has consistently been 0.00 over the period from December 31, 2020, to December 31, 2024. This suggests that the company has not used debt to finance its operations and investments during this time frame. A debt-to-assets ratio of 0.00 indicates that the company's assets have been primarily funded by equity rather than debt. This may imply a sound financial position and a lower risk of financial distress due to a lack of debt obligations. However, it is important to consider other financial metrics and factors to gain a holistic view of the company's financial health and performance.
Peer comparison
Dec 31, 2024