Middleby Corp (MIDD)
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 | 7,283,150 | 6,906,690 | 6,874,870 | 6,383,600 | 5,202,470 |
| 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 ÷ $7,283,150K
= 0.00
Middleby Corp's debt-to-assets ratio has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity rather than debt, indicating a low level of financial risk and a strong financial position in terms of debt management. This can be perceived positively by investors and creditors as it implies a stable and potentially lower-risk investment.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Middleby Corp
MIDD
0.00
Hayward Holdings Inc
HAYW
0.00
Standex International Corporation
SXI
0.15
Tennant Company
TNC
0.00