Tennant Company (TNC)
Debt-to-equity 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 | 620,800 | 647,200 | 624,600 | 614,600 | 577,000 | 545,000 | 520,600 | 491,900 | 470,800 | 425,200 | 432,700 | 436,000 | 433,800 | 441,800 | 436,200 | 420,100 | 404,800 | 393,900 | 371,700 | 357,300 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $620,800K
= 0.00
Based on the data provided, Tennant Company has consistently maintained a debt-to-equity ratio of 0.00 across all the reported periods from March 31, 2020, to December 31, 2024.
A debt-to-equity ratio of 0.00 indicates that the company's total liabilities are either extremely low or non-existent in relation to its equity. This could imply that Tennant Company relies more on equity financing rather than debt financing to fund its operations and growth.
Having a low or zero debt-to-equity ratio can be viewed positively as it suggests the company has a lower financial risk, as it is not heavily burdened by debt obligations. It also indicates that Tennant Company may have a strong financial position and good access to equity capital for investment opportunities.
Overall, a consistent debt-to-equity ratio of 0.00 over an extended period demonstrates Tennant Company's conservative approach to capital structure and financial management, which may be favorable to investors and stakeholders seeking stability and lower risk exposure.
Peer comparison
Dec 31, 2024