Timken Company (TKR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,984,100 | 2,933,300 | 2,796,800 | 2,608,300 | 2,582,400 | 2,477,800 | 2,531,300 | 2,348,000 | 2,268,300 | 2,093,600 | 2,203,600 | 2,271,100 | 2,294,900 | 2,296,900 | 2,290,900 | 2,175,500 | 2,152,900 | 2,028,100 | 1,883,600 | 1,817,400 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,984,100K)
= 0.00
The debt-to-capital ratio for Timken Company has consistently been 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has no debt in its capital structure during this period. A debt-to-capital ratio of 0.00 implies that all the capital of the company is funded through equity, which can be seen as a positive sign as it suggests a low financial risk since there is no debt to repay. However, it's important to note that a very low debt level might also mean missed opportunities for leveraging debt to fuel growth or take advantage of tax benefits associated with debt financing. Overall, the consistent 0.00 debt-to-capital ratio for Timken Company highlights its conservative financial approach with minimal reliance on debt financing.
Peer comparison
Dec 31, 2024