Middleby Corp (MIDD)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,638,430K
= 0.00
Middleby Corp's debt-to-equity ratio has consistently remained at 0.00 over the past five years, as indicated by the data provided for the years ending on December 31, 2020 to December 31, 2024. This suggests that the company has not utilized any debt financing to fund its operations and investments during this period. A debt-to-equity ratio of 0.00 typically indicates that a company has no debt on its balance sheet relative to its equity. While this can be seen as a positive indicator of financial stability and lower financial risk, it is important to consider the potential reasons behind the lack of debt, such as available cash reserves, profitable operations, or alternative financing sources.
Peer comparison
Dec 31, 2024