Adient PLC (ADNT)
Debt-to-equity ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,134,000 | 2,228,000 | 2,073,000 | 2,376,000 | 1,213,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,134,000K
= 0.00
The debt-to-equity ratio for Adient PLC has been consistently reported as 0.00 for the past five years from September 30, 2020, to September 30, 2024. This indicates that the company has not reported any financial debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is funding its operations primarily through equity rather than debt. This may reflect a conservative financial strategy aimed at reducing financial risk and maintaining a strong financial position. Additionally, a low or zero debt-to-equity ratio could potentially signal to investors and creditors that the company has a strong balance sheet and is less leveraged compared to its peers in the industry. It is important to note that while a zero debt-to-equity ratio can be perceived positively, it may also indicate that the company is not leveraging debt to potentially benefit from tax advantages or capitalize on growth opportunities. To gain a comprehensive understanding of Adient PLC's financial health and performance, it is advisable to perform a more in-depth analysis of their financial statements and other relevant financial metrics.
Peer comparison
Sep 30, 2024