Autoliv Inc (ALV)
Debt-to-assets 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 | 1,324,000 | 1,277,000 | 1,290,000 | 1,601,000 | 1,054,000 | 1,037,000 | 1,060,000 | 1,647,000 | 1,662,000 | 1,687,000 | 1,712,000 | 2,039,000 | 2,110,000 | 2,007,100 | 2,567,000 | 2,209,400 | 1,726,100 | 1,815,100 | 1,850,200 | 1,598,100 |
| Total assets | US$ in thousands | 8,332,000 | 7,987,000 | 7,959,000 | 8,185,000 | 7,717,000 | 7,334,000 | 7,030,000 | 7,769,000 | 7,537,000 | 7,511,000 | 7,636,000 | 8,210,000 | 8,157,000 | 7,833,400 | 7,174,500 | 6,973,900 | 6,771,200 | 6,589,500 | 6,785,500 | 6,772,600 |
| Debt-to-assets ratio | 0.16 | 0.16 | 0.16 | 0.20 | 0.14 | 0.14 | 0.15 | 0.21 | 0.22 | 0.22 | 0.22 | 0.25 | 0.26 | 0.26 | 0.36 | 0.32 | 0.25 | 0.28 | 0.27 | 0.24 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,324,000K ÷ $8,332,000K
= 0.16
The debt-to-assets ratio for Autoliv Inc. has shown some fluctuations over the past eight quarters, ranging from 0.22 to 0.27. Generally, the company has maintained a moderate level of debt in relation to its total assets during this period. The ratio indicates that, on average, around 22-27% of Autoliv's assets are financed through debt, with the majority of assets being funded through equity.
It is notable that there was a slight increase in the debt-to-assets ratio in Q1 2023 compared to the previous quarters. This could suggest that Autoliv may have taken on additional debt to finance operations or investments during that period. However, it is important to consider the company's overall financial health and ability to manage its debt obligations in evaluating the significance of these fluctuations.
Overall, the debt-to-assets ratio provides insights into Autoliv's capital structure and financial leverage, indicating the proportion of assets financed by debt. Monitoring changes in this ratio can help stakeholders assess the company's risk exposure and financial stability over time.
Peer comparison
Dec 31, 2023