Ametek Inc (AME)

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	1,895,430	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 stockholders’ equity	US$ in thousands	8,730,190	8,342,510	8,081,370	7,757,120	7,476,510	7,132,670	6,950,090	6,931,690	6,871,880	6,558,400	6,343,300	6,120,750	5,949,350	5,704,190	5,486,440	5,326,000	5,115,490	4,865,960	4,666,780	4,456,620
Debt-to-equity ratio		0.22	0.22	0.27	0.28	0.29	0.29	0.31	0.32	0.32	0.34	0.36	0.37	0.38	0.40	0.50	0.51	0.44	0.46	0.51	0.53

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,895,430K ÷ $8,730,190K
= 0.22

The debt-to-equity ratio of Ametek Inc has been showing a declining trend over the past eight quarters, indicating improved financial health and reduced reliance on debt financing. The company's ability to fund its operations and growth through equity rather than debt has been strengthening.

In Q4 2023, the debt-to-equity ratio of 0.38 indicates that the company's debt levels are 38% of its total equity, which implies a moderate level of leverage. Comparing this to the previous quarters, the ratio has decreased from 0.26 in Q3 2023. This reduction suggests that the company has either reduced its debt levels, increased its equity, or a combination of both.

Overall, the decreasing trend in the debt-to-equity ratio of Ametek Inc suggests that the company is managing its debt obligations effectively and is in a strong financial position to support its operations and future growth without excessive reliance on debt financing.