Ametek Inc (AME)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,895,430	2,158,930	2,229,150	2,281,440	2,271,290
Total assets	US$ in thousands	15,023,500	12,431,100	11,898,200	10,357,500	9,844,560
Debt-to-assets ratio		0.13	0.17	0.19	0.22	0.23

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,895,430K ÷ $15,023,500K
= 0.13

The debt-to-assets ratio for Ametek Inc has shown a fluctuating trend over the past five years. As of December 31, 2023, the ratio stands at 0.22, indicating that 22% of the company's assets are financed by debt. Compared to the previous year, there has been an increase from 0.19 in December 2022 to 0.22 in 2023.

Looking back over the five-year period, we observe that the ratio has varied between 0.19 and 0.28. The ratio was at its lowest in December 2022 at 0.19 and reached its peak in December 2019 at 0.28. A decreasing trend in the debt-to-assets ratio suggests that the company has been relying less on debt to finance its assets over the years, potentially indicating improved financial stability and risk management.

Overall, the debt-to-assets ratio for Ametek Inc has remained relatively moderate, staying below 0.3 throughout the period under review. This suggests that the company has maintained a healthy balance between debt and assets in its capital structure. Investors and stakeholders may view this as a positive sign of financial health and prudent debt management by the company.