Trimble Inc (TRMB)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,488,300 | 9,539,300 | 7,269,000 | 7,099,600 | 6,876,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,488,300K
= 0.00
The debt-to-assets ratio for Trimble Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that Trimble Inc's assets have been funded entirely by equity or other non-debt sources, which could suggest a conservative financial strategy or strong financial position. It indicates a low risk of financial distress due to manageable levels of debt on the company's balance sheet.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Trimble Inc
TRMB
0.00
Onto Innovation Inc
ONTO
0.00
Rockwell Automation Inc
ROK
0.23
Thermo Fisher Scientific Inc
TMO
0.00