AAON Inc (AAON)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 78,420 | 78,536 | 83,664 | 71,004 | 76,291 | 106,249 | 65,000 | 40,000 | 6,394 | 6,383 | 6,373 | 6,363 | 6,351 | 6,340 | 6,330 | 6,320 | — | — | — |
| Total assets | US$ in thousands | 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 | 371,424 | 351,900 | 341,981 | 319,238 |
| Debt-to-assets ratio | 0.00 | 0.08 | 0.08 | 0.10 | 0.09 | 0.10 | 0.14 | 0.09 | 0.06 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $941,436K
= 0.00
The debt-to-assets ratio of AAON Inc. has shown some fluctuations over the past eight quarters, ranging from 0.05 to 0.14.
In the most recent quarter, Q4 2023, the company's debt-to-assets ratio was 0.05, indicating that AAON Inc. has relatively low levels of debt compared to its total assets. This suggests that the company has a strong asset base supporting its operations and financial stability.
Looking at the trend over the past quarters, we can observe that the ratio has been relatively stable, with minor fluctuations around the 0.09 to 0.10 range. This indicates that AAON Inc. has been successful in managing its debt levels in relation to its asset base.
Although there was a slight increase in the debt-to-assets ratio in Q2 2022, reaching 0.14, the company managed to bring it back down in subsequent quarters. This may have been a temporary spike or a strategic decision that was later adjusted to maintain a healthier balance sheet.
Overall, based on the trend and the most recent data, AAON Inc. appears to have a conservative debt policy, with a focus on maintaining a low debt-to-assets ratio, which could help support the company's financial health and stability in the long term.
Peer comparison
Dec 31, 2023