Morningstar's 2024 10-K: Steady Growth and Financial Health
Ticker: MORN · Form: 10-K · Filed: Feb 28, 2025 · CIK: 1289419
| Field | Detail |
|---|---|
| Company | Morningstar, Inc. (MORN) |
| Form Type | 10-K |
| Filed Date | Feb 28, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, annual-report, earnings
TL;DR
Morningstar's 2024 10-K shows solid financials: $42.87B assets, $42.73B liabilities, and $12.01M net income. Steady as she goes.
AI Summary
Morningstar, Inc. filed its 2024 10-K on February 28, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The company's total assets were $42,869,380, with total liabilities of $42,728,182. Net income for the year was $12,010,630, a slight increase from $11,987,495 in the previous year.
Why It Matters
This filing provides investors with a comprehensive overview of Morningstar's financial standing and operational performance for the past fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: low — The filing indicates stable financial performance with a slight increase in net income, suggesting low immediate risk.
Key Numbers
- $42.87B — Total Assets (Represents the company's total resources as of December 31, 2024.)
- $42.73B — Total Liabilities (Indicates the company's total obligations as of December 31, 2024.)
- $12.01M — Net Income (2024) (Profitability for the fiscal year ending December 31, 2024.)
- $11.99M — Net Income (2023) (Profitability for the prior fiscal year, showing a slight increase in 2024.)
- 200,000,000 — Long-Term Debt (Amount of long-term debt outstanding as of December 31, 2024.)
Key Players & Entities
- Morningstar, Inc. (company) — Filer of the 10-K report
- 2024-12-31 (date) — Fiscal year end date
- 2025-02-28 (date) — Filing date of the 10-K
- $42,869,380 (dollar_amount) — Total assets reported
- $42,728,182 (dollar_amount) — Total liabilities reported
- $12,010,630 (dollar_amount) — Net income for the fiscal year 2024
- $11,987,495 (dollar_amount) — Net income for the fiscal year 2023
FAQ
What was Morningstar's total revenue for the fiscal year 2024?
The provided snippet does not explicitly state the total revenue for fiscal year 2024. It focuses on balance sheet items and net income.
How has Morningstar's net income changed compared to the previous year?
Morningstar's net income increased slightly from $11,987,495 in 2023 to $12,010,630 in 2024.
What is the company's debt-to-equity ratio based on the provided figures?
With total assets of $42,869,380 and total liabilities of $42,728,182, the equity is approximately $141,198. The debt-to-equity ratio would be extremely high, indicating significant leverage.
What are the primary business segments of Morningstar, Inc.?
The filing mentions 'morn:segments' and 'morn:Countries', suggesting a segmented business structure, but specific segment details are not provided in this excerpt.
What is the par value per share of Morningstar's common stock?
The filing indicates 'us-gaap:CommonStockMember' and provides dates, but the par value per share is not explicitly stated in this excerpt.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 28, 2025 regarding Morningstar, Inc. (MORN).