Trimble Inc (TRMB)
Debt-to-assets 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 assets | US$ in thousands | 9,488,300 | 9,866,700 | 9,597,800 | 9,321,200 | 9,539,300 | 9,330,700 | 9,556,300 | 8,012,900 | 7,269,000 | 7,077,700 | 6,919,500 | 7,177,400 | 7,099,600 | 7,003,400 | 6,962,200 | 6,780,500 | 6,876,900 | 6,624,300 | 6,645,000 | 6,705,700 |
| Debt-to-assets 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-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,488,300K
= 0.00
Trimble Inc's debt-to-assets ratio has consistently remained at 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt relative to its total assets during this time frame. A debt-to-assets ratio of 0.00 suggests that Trimble Inc has been primarily funding its operations and investments through equity rather than debt financing. This can be a positive sign as it signifies a lower financial risk due to lower reliance on borrowing. However, it's important to note that a very low or zero debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially enhance returns. Overall, Trimble Inc's consistent zero debt-to-assets ratio reflects a strong financial position with minimal debt obligations.
Peer comparison
Dec 31, 2024