Linde plc Ordinary Shares (LIN)
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 | 80,147,000 | 80,811,000 | 79,658,000 | 81,605,000 | 88,229,000 |
| 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 ÷ $80,147,000K
= 0.00
The debt-to-assets ratio for Linde plc Ordinary Shares has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A low or zero debt-to-assets ratio suggests that the company has a strong financial position and may have been funding its operations and investments through equity or retained earnings rather than borrowing. This can be seen as a positive indicator of financial stability and lower financial risk for investors and creditors.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Linde plc Ordinary Shares
LIN
0.00
Air Products and Chemicals Inc
APD
0.00
Minerals Technologies Inc
MTX
0.00