Advanced Energy Industries Inc (AEIS)

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	895,679	899,848	343,516	348,389	353,262	358,132	363,001	367,868	372,733	377,597	296,045	300,297	304,546	308,794	313,040	317,285	321,527	325,769	—	—
Total assets	US$ in thousands	2,556,760	2,493,690	1,949,910	2,008,700	1,992,170	1,974,060	1,878,070	1,832,360	1,817,340	1,832,060	1,776,230	1,699,250	1,647,660	1,642,520	1,594,250	1,522,550	1,532,410	1,595,420	865,768	856,950
Debt-to-assets ratio		0.35	0.36	0.18	0.17	0.18	0.18	0.19	0.20	0.21	0.21	0.17	0.18	0.18	0.19	0.20	0.21	0.21	0.20	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $895,679K ÷ $2,556,760K
= 0.35

The debt-to-assets ratio of Advanced Energy Industries Inc. has shown some fluctuation over the past eight quarters.

The ratio was relatively stable around 0.19 to 0.21 from Q1 2022 to Q3 2023, indicating that the company had been maintaining a reasonable balance between its debt and assets during this period.

However, there was a notable increase in Q4 2023, with the ratio rising to 0.36. This suggests that the company took on more debt relative to its assets in the most recent quarter.

Overall, the historical trend shows that Advanced Energy Industries Inc. has managed its debt levels prudently in the past, but the recent increase in the debt-to-assets ratio warrants further investigation to understand the reasons behind this change and assess its potential impact on the company's financial stability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Debt-to-assets ratio

Advanced Energy Industries Inc

AEIS

0.35