Albany International Corporation (AIN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 943,538 | 961,368 | 863,049 | 873,967 | 816,066 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $943,538K)
= 0.00
The debt-to-capital ratio for 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 debt as a source of financing relative to its capital structure during this time period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily composed of equity rather than debt, which can be seen as a positive indicator of financial stability and low financial risk. However, it's worth noting that a very low debt-to-capital ratio may also imply limited access to the potential tax benefits of debt financing. Overall, Albany International Corporation's consistent 0.00 debt-to-capital ratio reflects a cautious approach to leveraging and financial risk management.