Trimble Inc (TRMB)
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 | 5,745,300 | 4,500,100 | 4,050,200 | 3,944,700 | 3,596,900 |
| 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 + $5,745,300K)
= 0.00
The debt-to-capital ratio of Trimble Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its operations and investments during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily funded by equity rather than debt, which can be viewed positively as it signifies lower financial risk and leverage. However, it is important to note that a very low debt-to-capital ratio may also indicate limited access to debt financing, which could potentially restrict growth opportunities in the future. Further analysis of the company's overall financial health and future financing strategies would be beneficial to assess the implications of this consistent ratio over time.
Peer comparison
Dec 31, 2024