nVent Electric PLC (NVT)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,220,700 | 1,730,600 | 1,739,800 | 1,748,800 | 1,861,500 | 1,968,800 | 1,079,600 | 1,068,200 | 1,086,700 | 1,048,200 | 1,045,800 | 994,200 | 976,500 | 1,103,900 | 943,200 | 928,000 | 1,052,800 | 1,207,600 | 1,211,200 | 1,047,100 |
| Total assets | US$ in thousands | 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 | 4,640,300 |
| Debt-to-assets ratio | 0.32 | 0.28 | 0.28 | 0.28 | 0.31 | 0.33 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.21 | 0.21 | 0.23 | 0.21 | 0.21 | 0.24 | 0.26 | 0.26 | 0.23 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,220,700K ÷ $6,918,000K
= 0.32
The debt-to-assets ratio of nVent Electric PLC has been relatively stable over the past few quarters, ranging from 0.21 to 0.33. As of September 30, 2024, the ratio stands at 0.32, indicating that approximately 32% of the company's assets are financed through debt.
Overall, the trend in the debt-to-assets ratio suggests that nVent Electric PLC has maintained a moderate level of leverage, with a significant portion of its assets funded through debt. This ratio provides insight into the company's financial risk and ability to meet its debt obligations. It is essential for investors and creditors to monitor changes in the ratio over time to assess the company's financial health and risk exposure.
Peer comparison
Sep 30, 2024