Ingevity Corp (NGVT)
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 | 195,200 | 631,400 | 698,300 | 673,800 | 642,100 |
| 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 + $195,200K)
= 0.00
The debt-to-capital ratio of Ingevity Corp has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations and growth, relying solely on equity and retained earnings to fund its activities. A debt-to-capital ratio of 0.00 suggests that the company has a strong capital structure with no financial leverage, potentially reducing its financial risk and vulnerability to economic downturns or interest rate fluctuations. While a low debt-to-capital ratio can indicate financial stability, it's important to consider the company's overall financial strategy and growth prospects when evaluating its capital structure.
Peer comparison
Dec 31, 2024