nVent Electric PLC (NVT)

Debt-to-equity 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-equity ratio		0.53	0.54	0.56	0.63	0.68	0.39	0.39	0.41	0.41	0.41	0.40	0.38	0.44	0.38	0.39	0.44	0.47	0.47	0.40	0.45

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,730,600K ÷ $3,287,800K
= 0.53

The debt-to-equity ratio of nVent Electric PLC has shown fluctuations over the past few quarters but has generally remained within a reasonable range. The ratio has ranged from 0.38 to 0.68, with the most recent ratio reported at 0.53 as of June 30, 2024. This indicates that the company relies more on debt financing than equity, but the level of leverage has not significantly increased. It's important to monitor this ratio over time to ensure that the company maintains a healthy balance between debt and equity to support its financial stability and growth.

Peer comparison

Jun 30, 2024

Company name

Symbol

Debt-to-equity ratio

nVent Electric PLC

NVT

0.53

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