Tennant Company (TNC)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $42,100K
= 0.00
Based on the data provided, Tennant Company has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period, opting instead for equity financing. A debt-to-equity ratio of 0 signifies that there is no debt in the capital structure relative to equity, emphasizing a low financial risk and potentially showcasing a strong financial position. However, it is important to note that a zero debt-to-equity ratio may also imply missed opportunities for leveraging debt to potentially accelerate growth or optimize capital structure.
Peer comparison
Dec 31, 2024