Adient PLC (ADNT)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,297,000 | 9,424,000 | 9,482,000 | 9,479,000 | 9,273,000 | 9,158,000 | 9,315,000 | 9,854,000 | 10,719,000 | 10,778,000 | 9,804,000 | 9,975,000 | 10,544,000 | 10,261,000 | 9,619,000 | 10,646,000 | 10,364,000 | 10,342,000 | 10,574,000 | 10,574,000 |
| Debt-to-assets 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,297,000K
= 0.00
The debt-to-assets ratio of Adient plc has been relatively stable over the past eight quarters, ranging between 0.27 and 0.30. This indicates that, on average, Adient plc finances approximately 27% to 30% of its assets through debt. The consistent ratio suggests that the company has been maintaining a balanced mix of debt and equity in its capital structure. The slight variations in the ratio over time may be influenced by factors such as changes in the company's debt levels, asset composition, or overall financial performance. Overall, the stability in the debt-to-assets ratio suggests that Adient plc has been managing its debt obligations in relation to its total assets effectively. Additional qualitative and quantitative analysis would be needed to fully assess the company's debt management strategy and financial health.
Peer comparison
Dec 31, 2023