AAON Inc (AAON)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 824,582 | 796,856 | 740,498 | 784,808 | 735,224 | 682,484 | 660,111 | 609,414 | 560,714 | 523,858 | 490,506 | 480,156 | 466,170 | 400,279 | 383,726 | 373,038 | 350,865 | 344,892 | 322,695 | 306,323 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $824,582K)
= 0.00
The debt-to-capital ratio for AAON Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its operations and growth, relying instead on capital from equity investors and retained earnings. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is primarily equity-funded, which can be viewed positively as it suggests lower financial risk and potentially greater financial stability. However, it is important to consider that a very low debt-to-capital ratio may also indicate missed opportunities for leveraging debt to potentially enhance returns on equity. Overall, AAON Inc's consistent zero debt-to-capital ratio reflects a conservative financial approach in terms of leveraging debt for its capital structure.
Peer comparison
Dec 31, 2024