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.