AAON Inc (AAON)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 824,582 | 735,224 | 560,714 | 466,170 | 350,865 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $824,582K)
= 0.00
AAON Inc's debt-to-capital ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt to finance its operations or growth relative to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company is primarily using equity financing rather than debt financing, which could imply a lower risk of financial distress and a stronger financial position. It may also indicate that AAON Inc has sufficient internal resources or positive cash flows to support its capital requirements without relying on external borrowing.
Peer comparison
Dec 31, 2024