Timken Company (TKR)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,411,000 | 6,767,400 | 6,575,900 | 6,544,000 | 6,541,700 | 6,244,700 | 6,251,300 | 5,853,000 | 5,772,400 | 5,281,900 | 5,442,500 | 5,458,500 | 5,170,700 | 5,145,600 | 5,166,200 | 5,106,200 | 5,041,600 | 4,909,100 | 4,901,000 | 4,980,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio for Timken Company has consistently been 0.00% across all quarters from March 31, 2020, to December 31, 2024. This indicates that Timken Company has not relied on debt to finance its assets during this period. The consistent 0% debt-to-assets ratio suggests that the company has a strong financial position with a low level of debt relative to its total assets. This could signify that Timken Company is managing its financial obligations effectively and may have a robust balance sheet structure.
Overall, the trend of a 0% debt-to-assets ratio reflects a conservative approach to capital structure management by Timken Company, potentially reducing the financial risk and enhancing its financial stability.
Peer comparison
Dec 31, 2024