Adient PLC (ADNT)
Debt-to-equity ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,228,000 | 2,073,000 | 2,376,000 | 1,213,000 | 1,848,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,228,000K
= 0.00
The debt-to-equity ratio of Adient plc has exhibited fluctuating trends over the past five years. As of September 30, 2023, the ratio stands at 1.14, indicating a decrease from the previous year. This suggests that the company relies less on debt financing in comparison to its equity. The reduction in the debt-to-equity ratio may imply improved financial stability and reduced financial risk. However, it is important to note that the debt-to-equity ratio was significantly higher in 2020, standing at 3.55, which could indicate a period of high leverage and potential financial risk. Overall, the decreasing trend in the debt-to-equity ratio from 2020 to 2023 reflects a positive shift towards a more balanced capital structure for Adient plc.
Peer comparison
Sep 30, 2023