nVent Electric PLC (NVT)
Debt-to-capital ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 1,150,600 |
| Total stockholders’ equity | US$ in thousands | 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 | 2,592,500 | 2,566,500 |
| Debt-to-capital ratio | 0.34 | 0.35 | 0.36 | 0.39 | 0.41 | 0.28 | 0.28 | 0.29 | 0.29 | 0.29 | 0.28 | 0.28 | 0.31 | 0.28 | 0.28 | 0.30 | 0.32 | 0.32 | 0.29 | 0.31 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,730,600K ÷ ($1,730,600K + $3,287,800K)
= 0.34
The debt-to-capital ratio of nVent Electric PLC has shown some fluctuations over the past few quarters. The ratio has ranged from 0.28 to 0.41, indicating that the company's level of debt relative to its total capital has varied.
It is worth noting that the ratio peaked at 0.41 in the third quarter of 2023 before decreasing in subsequent quarters. This may suggest a change in the company's capital structure or debt management strategies during that period.
Overall, the trend in the debt-to-capital ratio indicates that nVent Electric PLC has maintained a moderate level of debt in relation to its capital base, with the ratio typically hovering around the 0.28 to 0.36 range. This suggests a relatively stable financial position in terms of leverage and capital structure management.
Peer comparison
Jun 30, 2024