Albany International Corporation (AIN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,648,700 | 1,835,010 | 1,642,260 | 1,556,060 | 1,549,940 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,648,700K
= 0.00
The debt-to-assets ratio of Albany International Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets over the period analyzed. A debt-to-assets ratio of 0.00 typically suggests that the company is primarily relying on equity financing to support its operations, which may signify a strong financial position with lower financial risk. However, it is important to consider other financial metrics and factors to evaluate the overall financial health and stability of the company.