Vontier Corp (VNT)
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 | 2,092,000 | 2,189,000 | 2,585,700 | 2,583,800 | 1,795,300 |
| Total assets | US$ in thousands | 4,310,500 | 4,294,000 | 4,343,300 | 4,349,800 | 3,073,000 |
| Debt-to-assets ratio | 0.49 | 0.51 | 0.60 | 0.59 | 0.58 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,092,000K ÷ $4,310,500K
= 0.49
The debt-to-assets ratio of Vontier Corp has shown a fluctuating trend over the past five years. As of December 31, 2020, the ratio stood at 0.58, indicating that 58% of the company's assets were funded by debt. This ratio slightly increased to 0.59 by December 31, 2021, and further rose to 0.60 by December 31, 2022, suggesting increasing reliance on debt financing.
However, there was a significant decrease in the debt-to-assets ratio by December 31, 2023, reaching 0.51. This decline may indicate a strategic shift towards reducing debt levels or increasing asset base during that period. By the end of December 31, 2024, the ratio further decreased to 0.49, implying that the company's debt level was relatively lower compared to its total assets at that point in time.
Overall, the trend in Vontier Corp's debt-to-assets ratio reflects some variability, with fluctuations in debt levels relative to total assets over the five-year period. It is essential to monitor this ratio in conjunction with other financial metrics to assess the company's financial risk and leverage position accurately.
Peer comparison
Dec 31, 2024