Albany International Corporation (AIN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	961,368	914,839	910,457	892,586	863,049	816,006	817,673	860,220	873,967	876,603	864,217	822,595	816,066	746,809	703,311	666,961	698,683	659,530	647,868	623,166
Debt-to-capital ratio		0.32	0.34	0.35	0.35	0.34	0.35	0.37	0.33	0.29	0.29	0.29	0.32	0.33	0.36	0.38	0.42	0.38	0.39	0.43	0.44

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $452,667K ÷ ($452,667K + $961,368K)
= 0.32

The debt-to-capital ratio of Albany International Corp. has shown relative stability over the past eight quarters, ranging from 0.32 to 0.37. This ratio indicates the proportion of the company's total debt in relation to its total capital, which includes both debt and equity.

The trend suggests that the company has managed its debt levels effectively, maintaining a healthy balance between debt and equity financing. A lower debt-to-capital ratio typically signifies lower financial risk and greater financial stability, as it implies that a smaller portion of the company's capital structure is reliant on debt.

It is notable that the ratio fluctuated within a narrow range, indicating a consistent approach to managing capital structure over the periods analyzed. Overall, the debt-to-capital ratio suggests that Albany International Corp. has been prudent in its use of debt as a financing source, while still maintaining a sufficient level of capital to support its operations and growth initiatives.