Adient PLC (ADNT)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,351,000 | 9,424,000 | 9,158,000 | 10,778,000 | 10,261,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,351,000K
= 0.00
The debt-to-assets ratio for Adient PLC has consistently been reported as 0.00 for the past five years, including the most recent measurement as of September 30, 2024. This indicates that the company has been able to finance its assets entirely with equity rather than debt over this period. A debt-to-assets ratio of 0.00 signifies that the company has no financial leverage and carries no debt on its balance sheet relative to its total assets. While having no debt could imply a lower financial risk in terms of interest payments and potential default, it may also suggest limited opportunities for leveraging financial benefits associated with debt financing, such as tax deductibility of interest expenses. Further analysis of the company's capital structure and funding sources would provide additional insight into its overall financial strategy and risk management approach.
Peer comparison
Sep 30, 2024