nVent Electric PLC (NVT)

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	6,734,900	6,161,700	4,902,200	4,674,200	4,366,100
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 ÷ $6,734,900K
= 0.00

nVent Electric PLC has consistently maintained a debt-to-assets ratio of 0.00 over the past five years (from December 31, 2020, to December 31, 2024). This indicates that the company has not relied on debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily funded by equity rather than debt, reflecting a strong financial position and lower financial risk.

Peer comparison

Dec 31, 2024

Company name

Symbol

Debt-to-assets ratio

nVent Electric PLC

NVT

0.00

John Bean Technologies Corporation