Middleby Corp (MIDD)

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 3,638,430 3,592,940 3,421,910 3,311,240 3,249,890 3,095,220 2,999,530 2,862,200 2,797,750 2,498,540 2,417,970 2,427,970 2,494,280 2,298,970 2,125,880 1,995,210 1,976,650 2,031,320 1,939,520 1,894,710
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 + $3,638,430K)
= 0.00

The debt-to-capital ratio for Middleby Corp has been consistently at 0.00 for all the reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this time frame, resulting in a debt-free capital structure. A debt-to-capital ratio of 0.00 suggests that the company's capital is entirely financed by equity, which could imply a lower financial risk as the company is not relying on borrowed funds to finance its operations. However, it's important to note that a low debt-to-capital ratio could also mean missed opportunities for leveraging debt to potentially enhance returns, depending on the cost of debt and the company's risk tolerance.


Peer comparison

Dec 31, 2024