Ingevity Corp (NGVT)
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 | 195,200 | 631,400 | 698,300 | 673,800 | 642,100 |
| 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 ÷ $195,200K
= 0.00
The debt-to-equity ratio of Ingevity Corp has consistently been 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt during this period in relation to its equity. A debt-to-equity ratio of 0.00 typically signifies a conservative financial structure with little to no financial leverage, as the company is primarily financed by equity rather than debt. Investors and creditors may view a low or zero debt-to-equity ratio positively as it suggests lower financial risk and greater financial stability.
Peer comparison
Dec 31, 2024