Watsco Inc (WSO)
Debt-to-equity 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 | 2,656,990 | 2,229,840 | 1,889,240 | 1,664,950 | 1,486,680 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,656,990K
= 0.00
The debt-to-equity ratio of Watsco Inc has remained consistently at 0.00 from December 31, 2020 to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount of debt in comparison to its equity. This signifies a strong financial position with a low reliance on external borrowing for its operations and growth. Investors and creditors generally view a low debt-to-equity ratio favorably as it suggests lower financial risk and potential for improved returns.