Middleby Corp (MIDD)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,638,430 | 3,249,890 | 2,797,750 | 2,494,280 | 1,976,650 |
| Debt-to-capital ratio | 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 + $3,638,430K)
= 0.00
Middleby Corp has consistently maintained a debt-to-capital ratio of 0.00% for the years ending December 31, 2020 to December 31, 2024. This indicates that the company has not utilized any debt in financing its operations, and its capital structure consists solely of equity. A debt-to-capital ratio of 0.00% reflects a low-risk financial position, as there is no financial leverage present in the company's capital structure. It suggests that Middleby Corp has relied on internal funding sources or equity financing to support its business activities during the specified period.
Peer comparison
Dec 31, 2024