Ametek Inc (AME)

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	1,895,430	1,856,130	2,186,300	2,175,880	2,158,930	2,085,360	2,147,360	2,204,590	2,229,150	2,238,920	2,262,100	2,256,910	2,281,440	2,295,810	2,753,250	2,741,800	2,271,290	2,229,250	2,368,690	2,368,200
Total assets	US$ in thousands	15,023,500	13,093,400	12,839,900	12,616,000	12,431,100	12,038,900	11,985,000	11,972,000	11,898,200	11,679,700	11,755,300	10,579,900	10,357,500	10,433,400	10,311,200	10,601,900	9,844,560	9,219,710	9,069,600	8,891,480
Debt-to-assets ratio		0.13	0.14	0.17	0.17	0.17	0.17	0.18	0.18	0.19	0.19	0.19	0.21	0.22	0.22	0.27	0.26	0.23	0.24	0.26	0.27

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 of Ametek Inc has displayed a relatively stable trend over the past eight quarters. The ratio has fluctuated within a narrow range, indicating that the company has maintained a conservative level of debt relative to its total assets.

The latest value of 0.22 in Q4 2023 represents a slight increase compared to the previous quarter's ratio of 0.17. This uptick suggests that the company may have taken on slightly more debt in proportion to its assets. However, it is important to note that the current ratio of 0.22 is still within a reasonable range and does not raise significant concerns about Ametek's financial leverage.

Looking at the broader trend, the debt-to-assets ratio has generally remained below 0.21 for the past two years, indicating that the company has effectively managed its debt levels and maintained a strong asset base. This stable and relatively low ratio suggests that Ametek Inc has a healthy balance sheet structure, with a conservative approach to funding its operations and investments.