Adient PLC (ADNT)
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 | 9,424,000 | 9,158,000 | 10,778,000 | 10,261,000 | 10,342,000 |
| 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 ÷ $9,424,000K
= 0.00
The debt-to-assets ratio of Adient plc has shown a decreasing trend over the past five years, declining from 0.36 in 2019 to 0.27 in 2023. This indicates that the company has been successful in reducing its reliance on debt to finance its assets. A lower ratio suggests that a smaller portion of the company's assets is financed by debt, implying a stronger financial position and potentially lower financial risk. This trend may reflect improved financial management and capital structure optimization within the company. It is important to note that a decreasing trend in the debt-to-assets ratio can be viewed positively by creditors and investors, as it signifies improved solvency and financial stability.
Peer comparison
Sep 30, 2023