Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,092,000 | 2,191,100 | 2,190,400 | 2,189,700 | 2,189,000 | 2,348,200 | 2,422,400 | 2,521,600 | 2,585,700 | 2,635,900 | 2,599,200 | 2,584,500 | 2,583,800 |
| Total assets | US$ in thousands | 4,310,500 | 4,307,100 | 4,235,900 | 4,305,800 | 4,294,000 | 4,221,900 | 4,205,600 | 4,278,500 | 4,343,300 | 4,263,700 | 4,219,200 | 4,300,100 | 4,349,800 |
| Debt-to-assets ratio | 0.49 | 0.51 | 0.52 | 0.51 | 0.51 | 0.56 | 0.58 | 0.59 | 0.60 | 0.62 | 0.62 | 0.60 | 0.59 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,092,000K ÷ $4,310,500K
= 0.49
Based on the data provided, Vontier Corp's debt-to-assets ratio has shown a downward trend from 0.59 as of December 31, 2021, to 0.49 as of December 31, 2024. This indicates that Vontier Corp has been able to reduce its debt relative to its total assets over the period under consideration.
A declining trend in the debt-to-assets ratio can suggest improved financial stability and lower financial risk for the company. A lower ratio indicates that the company relies less on debt financing to support its operations and investments, which could lead to lower interest expenses and a stronger financial position.
However, it is essential to consider the industry benchmarks and overall economic conditions when interpreting the debt-to-assets ratio. It is also important to assess the company's ability to meet its debt obligations and manage its debt levels effectively in the long run.
Peer comparison
Dec 31, 2024