Stepan Company (SCL)
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 | 2,304,650 | 2,363,350 | 2,433,170 | 2,065,610 | 1,752,340 |
| 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 ÷ $2,304,650K
= 0.00
Stepan Company has consistently maintained a debt-to-assets ratio of 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing its assets during this period. A debt-to-assets ratio of 0.00 suggests that Stepan Company relies more on equity financing to support its operations and investments. This low level of debt relative to assets may imply a conservative financial strategy, as the company is not heavily leveraged and may have a lower risk of financial distress due to debt obligations.
Peer comparison
Dec 31, 2024