nVent Electric PLC (NVT)

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 3,237,600 3,283,700 3,287,800 3,212,300 3,142,100 2,945,100 2,875,700 2,789,900 2,731,700 2,650,600 2,586,000 2,533,900 2,496,100 2,541,600 2,492,800 2,450,000 2,409,800 2,413,400 2,578,200 2,576,600
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 + $3,237,600K)
= 0.00

The debt-to-capital ratio for nVent Electric PLC has consistently been 0.00 for all the reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt in its capital structure during the analyzed period. A debt-to-capital ratio of 0.00 suggests that the company's capital is primarily funded through equity rather than debt. It may indicate that nVent Electric PLC has a conservative financial strategy with little to no reliance on borrowing for financing its operations or investments. Investors and creditors typically view a low debt-to-capital ratio favorably as it signifies lower financial risk and greater financial stability.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-capital ratio
nVent Electric PLC
NVT
0.00
John Bean Technologies Corporation
JBT
0.30
Kadant Inc
KAI
0.00
Pentair PLC
PNR
0.32