Albany International Corporation (AIN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $943,538K
= 0.00
Albany International Corporation has maintained a debt-to-equity ratio of 0.00 consistently from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and has relied solely on equity financing. A debt-to-equity ratio of 0.00 implies that the company has a strong financial position with relatively low financial risk since it has no debt obligations. Investors and creditors often view a low debt-to-equity ratio favorably as it signifies financial stability and the ability to weather economic downturns without the burden of debt repayments. However, it is important to note that while a low debt-to-equity ratio is generally positive, it may also suggest that the company is not taking advantage of leverage to potentially enhance returns.