Illinois Tool Works Inc (ITW)
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 | 15,067,000 | 15,824,000 | 15,577,000 | 15,653,000 | 15,518,000 | 15,395,000 | 15,652,000 | 15,921,000 | 15,422,000 | 15,226,000 | 15,666,000 | 16,286,000 | 16,077,000 | 15,517,000 | 15,580,000 | 15,663,000 | 15,612,000 | 14,940,000 | 14,263,000 | 14,149,000 |
| 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 ÷ $15,067,000K
= 0.00
The debt-to-assets ratio for Illinois Tool Works Inc has consistently remained at 0.00 for the periods provided from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during these periods. This suggests that Illinois Tool Works Inc has been funding its operations and investments primarily through equity or other non-debt sources. A low or zero debt-to-assets ratio is generally viewed positively by investors and creditors as it signifies lower financial risk and greater financial stability. It indicates that the company is not reliant on debt financing and has a strong asset base supporting its operations.
Peer comparison
Dec 31, 2024