AAON Inc (AAON)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,175,230 | 1,030,620 | 1,010,720 | 952,921 | 941,436 | 944,543 | 930,051 | 867,914 | 813,903 | 785,843 | 776,712 | 717,458 | 650,180 | 516,403 | 504,184 | 483,384 | 449,008 | 439,913 | 429,807 | 395,620 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed by equity rather than debt, which can indicate a strong financial position and lower financial risk. It also implies that AAON Inc may have a conservative approach to capital structure, choosing not to leverage with debt.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
AAON Inc
AAON
0.00
Carrier Global Corp
CARR
0.00
Lennox International Inc
LII
0.00