Ingevity Corp (NGVT)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $195,200K
= 0.00

The debt-to-equity ratio of Ingevity Corp has consistently been reported as 0.00 for the periods from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt on its balance sheet relative to its equity during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is financing its operations primarily through equity rather than debt. It also signifies that Ingevity has a strong financial position with a lower level of financial risk stemming from debt obligations.

Peer comparison

Dec 31, 2024

Company name

Symbol

Debt-to-equity ratio

Ingevity Corp

NGVT

0.00