Enpro Industries (NPO)
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 | 1,428,600 | 1,457,900 | 1,430,400 | 1,413,900 | 1,409,700 | 1,407,900 | 1,414,400 | 1,435,100 | 1,395,100 | 1,267,800 | 1,275,000 | 1,261,300 | 1,266,600 | 1,140,700 | 1,118,100 | 1,080,900 | 1,078,500 | 1,065,900 | 1,084,200 | 1,071,900 |
| 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 + $1,428,600K)
= 0.00
The debt-to-capital ratio of Enpro Industries has consistently been at 0.00 for the periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations relative to its total capital during these periods. A debt-to-capital ratio of 0.00 suggests that the company has been relying primarily on equity financing, which could be viewed positively by investors and creditors as it indicates lower financial risk and less leverage in the company's capital structure. It is important to note that a debt-to-capital ratio of 0.00 may not always be favorable, as a certain level of debt can also be beneficial for optimizing capital structure and achieving growth objectives. In the case of Enpro Industries, further analysis of its financial structure and long-term financial strategy would be necessary to fully assess the implications of its consistently low debt-to-capital ratio over the specified periods.