nVent Electric (nVent Electric) Debt-to-Equity : 0.61 (As of Dec. 2023)

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What is nVent Electric Debt-to-Equity?

nVent Electric's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $58 Mil. nVent Electric's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,847 Mil. nVent Electric's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,142 Mil. nVent Electric's debt to equity for the quarter that ended in Dec. 2023 was 0.61.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for nVent Electric's Debt-to-Equity or its related term are showing as below:

NVT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.43 Max: 0.61
Current: 0.61

During the past 9 years, the highest Debt-to-Equity Ratio of nVent Electric was 0.61. The lowest was 0.35. And the median was 0.43.

NVT's Debt-to-Equity is ranked worse than
72.16% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs NVT: 0.61

nVent Electric Debt-to-Equity Historical Data

The historical data trend for nVent Electric's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

nVent Electric Debt-to-Equity Chart

nVent Electric Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.43

0.41

0.43

0.61

nVent Electric Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.43	0.42	0.72	0.67	0.61

Competitive Comparison of nVent Electric's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, nVent Electric's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

nVent Electric's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, nVent Electric's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where nVent Electric's Debt-to-Equity falls into.

nVent Electric Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

nVent Electric's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(57.5	+	1847.2)	/	3142.1
	=	0.61

nVent Electric's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(57.5	+	1847.2)	/	3142.1
	=	0.61

nVent Electric (NYSE:NVT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

nVent Electric Debt-to-Equity Related Terms

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nVent Electric (nVent Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » nVent Electric PLC (NYSE:NVT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Great West Road, 8th Floor (East), The Mille, London, GBR, TW8 9DW

Website

https://www.nvent.com

nVent Electric PLC is a provider of electrical connection and protection solutions. The company segments include Enclosures, Thermal Management, and Electrical and Fastening Solutions. It generates maximum revenue from the Enclosures segment. The Enclosures segment provides inventive solutions that protect, connect and manage heat in critical electronics, communication, control, and power equipment. Geographically, it derives a majority of revenue from the U.S. and Canada. The company serves the Commercial and Residential, Energy, Industrial Solutions, and Infrastructure industries. Its products include Cabinets and Electronic Packaging, Electrical Fasteners, Hangers and Support, Concrete Reinforcing Steel Connections, Data Center and Networking Systems and others.

Executives

Michael B Faulconer	officer: President - Thermal Management	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Randolph A. Wacker	officer: SVP & Chief Accounting Officer	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Joseph A. Ruzynski	officer: President of Enclosures	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Sara E Zawoyski	officer: EVP & Chief Financial Officer	1665 UTICA AVENUE, SUITE 700, ST. LOUIS PARK MN 55416
Lynnette R Heath	officer: EVP & Chief HR Officer	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Beth Wozniak	officer: Chief Executive Officer	555 WAYZATA BLVD. SUITE 600, MINNEAPOLIS MN 55419
Jon D. Lammers	officer: EVP, Gen. Counsel & Secretary	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
Greg Scheu	director	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Michael L Ducker	director	P O BOX 813, LIBERTY CORNER NJ 07938
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Danita K Ostling	director	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Sherry A Aaholm	director	500 JACKSON STREET, COLUMBUS IN 47201
Susan M. Cameron	director	C/O TUPPERWARE BRANDS CORP, PO BOX 2353, ORLANDO FL 32802-2353
Jacqueline Wright	director	1665 UTICA AVENUE, SUITE 700, ST. LOUIS PARK MN 55416
Nicola Palmer	director	1665 UTICA AVENUE, ST. LOUS PARK MN 55416