nVent Electric PLC (NVT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,237,600 | 3,142,100 | 2,731,700 | 2,496,100 | 2,409,800 |
| Debt-to-capital ratio | 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 + $3,237,600K)
= 0.00
The debt-to-capital ratio for nVent Electric PLC remained consistent at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations relative to its capital structure over this period. A debt-to-capital ratio of 0.00 suggests that the company relies solely on equity financing, which may indicate a conservative debt management strategy. Investors and creditors often view a lower debt-to-capital ratio positively as it implies lower financial risk and greater financial stability. However, it's important to consider the context of the industry and company's specific circumstances when evaluating the significance of this ratio.
Peer comparison
Dec 31, 2024