Albany International Corporation (AIN)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total assets US$ in thousands 1,648,700 1,753,200 1,751,820 1,798,180 1,835,010 1,790,250 1,707,150 1,695,760 1,642,260 1,571,850 1,613,060 1,580,060 1,556,060 1,540,240 1,526,640 1,512,170 1,549,940 1,490,690 1,461,960 1,483,630
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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

Albany International Corporation has consistently maintained a debt-to-assets ratio of 0.00 over the past several quarters, up to December 31, 2024. This indicates that the company has not used debt as a source of financing for its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily funded through equity, which may indicate a strong financial position and lower financial risk. However, it's important to note that a low debt-to-assets ratio can also imply limited leverage and potential missed opportunities for growth and expansion through strategic borrowing. Overall, Albany International Corporation's stable and low debt-to-assets ratio reflects a conservative approach to capital structure.