Illinois Tool Works Inc (ITW)

Debt-to-capital 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 stockholders’ equity US$ in thousands 3,316,000 3,391,000 2,961,000 3,020,000 3,012,000 3,003,000 3,093,000 3,100,000 3,088,000 3,013,000 3,378,000 3,581,000 3,625,000 3,492,000 3,520,000 3,274,000 3,181,000 2,696,000 2,357,000 2,283,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,316,000K)
= 0.00

The debt-to-capital ratio of Illinois Tool Works Inc has consistently been at 0.00% across all reported quarters from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00% indicates that the company has not utilized any debt in its capital structure during this period. This suggests that Illinois Tool Works Inc has funded its operations and investments primarily through equity and retained earnings rather than through borrowing. A low or zero debt-to-capital ratio can indicate financial stability, as it signifies a lower financial risk and potential flexibility in managing financial obligations. However, it is important to consider other financial metrics and factors to have a comprehensive understanding of the company's overall financial health and performance.


See also:

Illinois Tool Works Inc Debt to Capital (Quarterly Data)