Albany International Corporation (AIN)
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 | 452,667 | 463,339 | 487,000 | 491,000 | 439,000 | 447,000 | 485,000 | 427,000 | 350,000 | 350,000 | 350,000 | 384,000 | 398,000 | 418,000 | 435,000 | 491,002 | 424,009 | 424,012 | 482,019 | 491,022 |
| Total assets | US$ in thousands | 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 | 1,474,370 | 1,404,720 | 1,458,100 | 1,443,280 |
| Debt-to-assets ratio | 0.25 | 0.26 | 0.29 | 0.29 | 0.27 | 0.28 | 0.30 | 0.27 | 0.22 | 0.23 | 0.23 | 0.25 | 0.26 | 0.28 | 0.30 | 0.33 | 0.29 | 0.30 | 0.33 | 0.34 |
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 fluctuated over the past eight quarters, ranging from 0.25 to 0.30. This ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests lower financial risk as the company relies more on equity to fund its operations.
In the most recent quarter, Q4 2023, the debt-to-assets ratio was 0.25, which indicates that 25% of the company's assets are financed by debt. This represents a decrease from the previous quarter, Q3 2023, where the ratio was 0.27.
The trend over the past year shows some variability but generally remains within a narrow range. The highest ratio was observed in Q2 2022 at 0.30, while the lowest was in Q4 2023 at 0.25. Despite some fluctuations, the debt-to-assets ratio has generally remained relatively stable around the 0.27 to 0.29 range for the majority of the quarters analyzed.
Overall, the company's debt-to-assets ratio suggests a moderate level of leverage, with a consistent reliance on debt to finance a portion of its assets. It is important for investors and stakeholders to monitor this ratio closely to assess the company's financial risk and its ability to meet its debt obligations.