Albany International Corporation (AIN)

Debt-to-equity 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-equity ratio		0.47	0.51	0.53	0.55	0.51	0.55	0.59	0.50	0.40	0.40	0.40	0.47	0.49	0.56	0.62	0.74	0.61	0.64	0.74	0.79

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $452,667K ÷ $961,368K
= 0.47

The debt-to-equity ratio of Albany International Corp. has shown some fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 0.48, indicating a lower level of debt relative to equity compared to the previous quarter. This suggests that the company relies less on debt financing and has a stronger equity position.

However, it's important to note that the ratio has exhibited some volatility, with values ranging from 0.48 to 0.59 over the analyzed period. While the ratio in Q4 2023 is at a relatively low point during this period, the trend has not been consistently decreasing over time.

Overall, Albany International Corp. appears to have maintained a moderate level of debt in relation to its equity, with fluctuations in the ratio reflecting changes in the company's capital structure over the past two years. Further analysis of the company's financial health and overall performance would be necessary to fully assess the implications of the debt-to-equity ratio movements.