Albany International Corporation (AIN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 452,667 | 439,000 | 350,000 | 398,000 | 424,009 |
| Total assets | US$ in thousands | 1,835,010 | 1,642,260 | 1,556,060 | 1,549,940 | 1,474,370 |
| Debt-to-assets ratio | 0.25 | 0.27 | 0.22 | 0.26 | 0.29 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $452,667K ÷ $1,835,010K
= 0.25
The debt-to-assets ratio of Albany International Corp. has shown a consistent downward trend over the past five years, reflecting the company's improved ability to finance its assets with less debt. The ratio decreased from 0.30 in 2019 to 0.25 in 2023, indicating a reduction in the proportion of debt used to fund the company's assets.
This downward trend suggests that Albany International Corp. has been successful in managing its debt levels relative to its total assets. A lower debt-to-assets ratio implies a lower financial risk as it shows that the company has a stronger financial position and a higher proportion of assets financed by equity rather than debt.
Overall, the decreasing trend in the debt-to-assets ratio for Albany International Corp. is a positive indicator of the company's financial health and its ability to effectively manage its capital structure over the years.