Ingevity Corp (NGVT)
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 | 2,022,600 | 2,623,300 | 2,736,500 | 2,469,000 | 2,334,500 |
| 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 ÷ $2,022,600K
= 0.00
The debt-to-assets ratio for Ingevity Corp, based on the data provided, has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt financing to acquire assets during this period, or it could mean that its assets are fully financed by equity. A low or zero debt-to-assets ratio generally signifies lower financial risk as the company is not heavily reliant on debt to fund its operations or expansion. Ingevity Corp's strong balance sheet position, as reflected by this ratio, may suggest financial stability and the ability to weather economic downturns with less leverage risk.
Peer comparison
Dec 31, 2024