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
Balchem Corporation
BCPC
0.00
Chemours Co
CC
0.00
FMC Corporation
FMC
0.00
Innospec Inc
IOSP
0.00
Olin Corporation
OLN
0.00