Advanced Energy Industries Inc (AEIS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,144,180 | 1,100,870 | 1,125,280 | 1,095,910 | 1,066,270 | 989,287 | 924,228 | 900,688 | 870,851 | 841,120 | 875,941 | 845,641 | 814,739 | 768,152 | 717,813 | 685,397 | 676,714 | 659,627 | 655,518 | 621,624 |
| Debt-to-equity ratio | 0.78 | 0.82 | 0.31 | 0.32 | 0.33 | 0.36 | 0.39 | 0.41 | 0.43 | 0.45 | 0.34 | 0.36 | 0.37 | 0.40 | 0.44 | 0.46 | 0.48 | 0.49 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $895,679K ÷ $1,144,180K
= 0.78
The debt-to-equity ratio of Advanced Energy Industries Inc. has shown some fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the ratio was at 0.80, slightly lower than the previous quarter at 0.84. These ratios indicate that the company has relatively higher levels of debt compared to equity.
Looking back further, the ratio was significantly lower in Q2 2023 and Q1 2023 at 0.32 and 0.34, respectively. This suggests that the company had lower debt levels relative to equity during that period. However, in the corresponding quarters of the previous year, Q4 2022, Q3 2022, Q2 2022, and Q1 2022, the debt-to-equity ratio ranged from 0.35 to 0.43, showing a general upward trend in leveraging the business with debt.
Overall, the company's debt-to-equity ratio has been fluctuating but generally indicates that a significant portion of the company's funding comes from debt as opposed to equity. Investors and stakeholders may want to monitor these ratios closely to assess the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2023