AAON Inc (AAON)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $824,582K
= 0.00
The debt-to-equity ratio of AAON Inc has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been debt-free or has very minimal debt relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company relies more on equity financing rather than debt to fund its operations and growth. This may indicate a conservative financial strategy aimed at minimizing financial risk and ensuring financial stability. However, it is important to note that a very low debt-to-equity ratio could also mean missed opportunities for leveraging debt to potentially enhance returns for shareholders. Overall, AAON Inc's consistent low debt-to-equity ratio reflects a strong financial position and effective management of its capital structure.
Peer comparison
Dec 31, 2024