AAON Inc (AAON)
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 | 1,175,230 | 941,436 | 813,903 | 650,180 | 449,008 |
| 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 ÷ $1,175,230K
= 0.00
The debt-to-assets ratio of AAON Inc for the years from December 31, 2020, to December 31, 2024, remained consistently at 0.00. This indicates that the company has not utilized debt as a source of financing to acquire assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which can be viewed positively as it implies lower financial risk and a stronger financial position. AAON Inc's ability to maintain a debt-to-assets ratio of 0.00 over multiple years suggests prudent financial management and may reflect a conservative approach to capital structure.
Peer comparison
Dec 31, 2024