AAR Corp (AIR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,211,600K
= 0.00
The debt-to-equity ratio of AAR Corp has consistently been reported as 0.00 across the four fiscal years from May 31, 2021, to May 31, 2025. This indicates that, during this period, the company did not leverage external debt to finance its assets and relied solely on equity capital. The absence of any recorded debt suggests a conservative financial policy or a capital structure that is entirely equity-based. The sustained zero ratio over multiple years implies that AAR Corp maintains a debt-free or virtually debt-free balance sheet, which minimizes financial risk associated with interest obligations and leverage, but may also limit opportunities for growth through debt financing.
Peer comparison
May 31, 2025