Tennant Company (TNC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 42,100 | 577,000 | 470,800 | 433,800 | 404,800 |
| Debt-to-capital ratio | 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 + $42,100K)
= 0.00
The debt-to-capital ratio of Tennant Company remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's capital is solely sourced from equity, which can be viewed positively as it signifies a low financial risk and financial stability. However, it's important to note that a lack of debt in the capital structure may also limit the company's financial flexibility in terms of leveraging opportunities for growth or expansion.
Peer comparison
Dec 31, 2024