Regal Beloit Corporation (RRX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 14,033,700 | 15,431,400 | 10,268,900 | 10,281,600 | 4,589,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,033,700K
= 0.00
The debt-to-assets ratio for Regal Beloit Corporation has remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company relies entirely on equity to finance its operations and investments, which can be viewed positively by investors and creditors as it indicates lower financial risk and less reliance on external borrowing for growth and operations.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Regal Beloit Corporation
RRX
0.00
Franklin Electric Co Inc
FELE
0.00
Generac Holdings Inc
GNRC
0.24