nVent Electric PLC (NVT)

Debt-to-assets 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 assets US$ in thousands 6,734,900 6,918,000 6,188,100 6,169,700 6,161,700 5,925,700 5,922,100 4,916,400 4,902,200 4,875,900 4,765,600 4,703,600 4,674,200 4,678,900 4,709,800 4,398,000 4,366,100 4,410,600 4,712,400 4,730,200
Debt-to-assets 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-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,734,900K
= 0.00

The debt-to-assets ratio for nVent Electric PLC has consistently remained at 0.00 for all the reported periods, from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during these periods. This implies that nVent Electric PLC has been entirely financed through equity rather than debt, which can be seen as a positive sign as it suggests a lower financial risk and greater financial stability. It also indicates that the company has a strong financial position and may not be relying on borrowing to fund its operations or expansion. However, it is essential to consider other financial metrics alongside the debt-to-assets ratio to gain a comprehensive understanding of the company's financial health and performance.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
nVent Electric PLC
NVT
0.00
John Bean Technologies Corporation
JBT
0.24
Kadant Inc
KAI
0.00
Pentair PLC
PNR
0.25