AAR Corp (AIR)
Debt-to-capital ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,211,600 | 1,189,800 | 1,099,100 | 1,034,500 | 974,400 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,211,600K)
= 0.00
The debt-to-capital ratio for AAR Corp has consistently been reported at 0.00 for the fiscal years ending on May 31 from 2021 through 2025. This indicates that during this period, the company has maintained a capital structure entirely financed by equity, with no reported debt liabilities included in the calculation. A debt-to-capital ratio of zero suggests an extremely conservative financial stance regarding leverage, reflecting either a reliance solely on equity financing or the absence of outstanding debt obligations on the company's balance sheets. Consequently, there has been no increase in leverage to support asset growth or operational expansion during these fiscal years, which could influence the company's financial flexibility, cost of capital, and risk profile.
Peer comparison
May 31, 2025