Albany International Corporation (AIN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 961,368 | 863,049 | 873,967 | 816,066 | 698,683 |
| Debt-to-equity ratio | 0.47 | 0.51 | 0.40 | 0.49 | 0.61 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $452,667K ÷ $961,368K
= 0.47
Albany International Corp.'s debt-to-equity ratio fluctuated over the past five years, ranging from 0.42 to 0.64. A decreasing trend is observed from 2019 to 2021, indicating a more conservative capital structure with lower debt relative to equity during those years. However, in 2022, there was a slight increase in the ratio to 0.51, suggesting a potential shift towards a higher reliance on debt to finance operations or investments.
In 2023, the debt-to-equity ratio decreased to 0.48, which may indicate a more balanced mix of debt and equity in the company's capital structure. Overall, the company appears to have managed its debt levels effectively over the five-year period, maintaining a relatively moderate level of leverage compared to equity to support its operations and growth initiatives.