Adient PLC (ADNT)

Debt-to-capital 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 stockholders’ equity US$ in thousands 2,285,000 2,228,000 2,174,000 2,197,000 2,192,000 2,073,000 2,123,000 2,285,000 2,344,000 2,376,000 1,467,000 1,489,000 1,452,000 1,213,000 1,250,000 1,541,000 1,743,000 1,848,000 1,919,000 2,257,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,285,000K)
= 0.00

The debt-to-capital ratio of Adient plc has been relatively stable over the past eight quarters, ranging from 0.53 to 0.56. This ratio indicates the proportion of the company's capital structure that is comprised of debt. A decreasing trend in the debt-to-capital ratio could suggest a lower reliance on debt financing and potentially favorable financial risk management. Conversely, an increasing trend may indicate a higher level of leverage and financial risk. Adient plc's consistent debt-to-capital ratio around the 0.53 to 0.56 range indicates a balanced approach to financing, maintaining a significant portion of debt in its capital structure. It is essential for investors and stakeholders to monitor this ratio over time, as significant deviations could impact the company's financial health and risk profile.


Peer comparison

Dec 31, 2023