Watsco Inc (WSO)
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 | 4,479,520 | 3,729,180 | 3,488,210 | 3,085,860 | 2,496,920 |
| 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 ÷ $4,479,520K
= 0.00
Watsco Inc has maintained a consistent debt-to-assets ratio of 0.00 for the years ending December 31, 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not utilized debt financing to fund its operations or acquire assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies solely on equity financing or has no debt on its balance sheet. This can signify a strong financial position and lower financial risk as the absence of debt obligations can lead to lower interest expenses and greater financial flexibility for the company. However, it is important to consider other financial metrics and factors when assessing the overall financial health and performance of Watsco Inc.