Enpro Industries (NPO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,491,500 | 2,499,500 | 2,647,800 | 2,968,700 | 2,083,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,491,500K
= 0.00
Based on the data provided for Enpro Industries, the debt-to-assets ratio has consistently remained at 0.00 over the past five years - from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity or other sources of capital, rather than by borrowing. While this may indicate a lower financial risk due to the absence of debt obligations, it could also imply missed opportunities for potential leverage and growth through debt financing. It is essential to consider the company's overall financial strategy and performance in conjunction with this ratio to better assess its financial health and risk profile.