Aecom Technology Corporation (ACM)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 11,233,400 | 11,139,300 | 11,734,000 | 12,999,000 | 14,550,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,233,400K
= 0.00
The debt-to-assets ratio for AECOM has remained relatively stable over the past five years, with values of 0.20 in 2023 and 2022, 0.19 in 2021, 0.16 in 2020, and 0.24 in 2019. This ratio indicates the proportion of the company's assets financed by debt. A lower ratio suggests lower financial risk and greater creditor protection, as it indicates a smaller portion of assets are funded by debt. AECOM's consistent and relatively low debt-to-assets ratio reflects a relatively conservative approach to financing its assets, which may be viewed positively by investors and creditors. However, it's essential to consider other factors alongside this ratio to gain a comprehensive understanding of the company's overall financial health.
Peer comparison
Sep 30, 2023