nVent Electric PLC (NVT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,237,600K
= 0.00
The debt-to-equity ratio for nVent Electric PLC has been consistently reported as 0.00 for the years ended December 31, 2020 through December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period, financing its operations primarily through equity. A debt-to-equity ratio of 0.00 signifies that there is no financial leverage employed by the company, which may imply reduced financial risk but could also potentially limit growth opportunities that taking on debt could provide. It is important to note that a low or zero debt-to-equity ratio may also indicate a stronger financial position and creditworthiness in the eyes of investors and creditors.
Peer comparison
Dec 31, 2024