Timken Company (TKR)
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 | 6,411,000 | 6,541,700 | 5,772,400 | 5,170,700 | 5,041,600 |
| 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 ÷ $6,411,000K
= 0.00
Based on the data provided, Timken Company has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has not used any debt to finance its assets during this period. This suggests that the company relies solely on equity financing to support its investments and operations, which can be viewed positively as it signifies financial stability and a lower risk of financial distress due to debt obligations. Overall, Timken Company's debt-to-assets ratio reflects a conservative approach to capital structure and financial management.
Peer comparison
Dec 31, 2024