Autoliv Inc (ALV)

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	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 stockholders’ equity	US$ in thousands	2,557,000	2,473,000	2,545,000	2,627,000	2,613,000	2,478,000	2,544,000	2,659,000	2,633,000	2,558,000	2,600,000	2,507,000	2,409,000	2,099,800	1,941,500	2,031,000	2,109,200	1,986,700	2,024,100	1,960,500
Debt-to-equity ratio		0.52	0.52	0.51	0.61	0.40	0.42	0.42	0.62	0.63	0.66	0.66	0.81	0.88	0.96	1.32	1.09	0.82	0.91	0.91	0.82

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,324,000K ÷ $2,557,000K
= 0.52

The debt-to-equity ratio of Autoliv Inc. has shown some fluctuation over the past eight quarters. The ratio ranged from 0.64 to 0.83 during this period, indicating variations in the company's capital structure and its reliance on debt financing.

In Q1 2022, Autoliv had a debt-to-equity ratio of 0.75, suggesting higher leverage compared to the other quarters. However, this ratio declined in subsequent quarters, reaching a low of 0.64 in Q2 2022, implying a lower level of debt relative to shareholders' equity during that period.

While the ratio increased again in Q1 2023 to 0.83, indicating a higher proportion of debt to equity, it slightly decreased in Q2 2023 to 0.70 and then further to 0.76 in Q3 2023. Finally, in Q4 2023, the debt-to-equity ratio settled at 0.73.

Overall, the trend in Autoliv's debt-to-equity ratio suggests that the company has been managing its debt levels and equity structure effectively. However, stakeholders should continue to monitor these ratios to assess the company's financial health and risk profile.