Ingevity Corp (NGVT)

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 195,200 214,500 284,800 568,200 631,400 718,700 714,100 725,700 698,300 633,900 654,300 686,100 673,800 644,500 688,500 661,100 642,100 617,000 522,900 502,100
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 + $195,200K)
= 0.00

The debt-to-capital ratio of Ingevity Corp has consistently remained at 0.00 throughout the periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant part of its capital structure during this time frame. A debt-to-capital ratio of 0.00 implies that the company's capital structure is primarily supported by equity rather than debt financing. It suggests a lower financial risk associated with debt repayment obligations. The stability of the ratio at 0.00 over multiple periods may reflect a strategic financial approach focused on maintaining a low debt level relative to its capital base.


Peer comparison

Dec 31, 2024