Amphastar P (AMPH)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	613,532	—	—	—	603,174	653,268	—	—	76,642	—	—	—	78,185	—	—	—	45,923	—	—	—
Total assets	US$ in thousands	1,577,470	1,545,180	1,491,520	1,574,320	1,512,910	1,544,630	1,378,270	773,656	741,987	726,695	723,719	716,238	671,529	651,677	665,745	645,738	631,236	613,718	600,058	572,831
Debt-to-assets ratio		0.39	0.00	0.00	0.00	0.40	0.42	0.00	0.00	0.10	0.00	0.00	0.00	0.12	0.00	0.00	0.00	0.07	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $613,532K ÷ $1,577,470K
= 0.39

The debt-to-assets ratio for Amphastar P has shown fluctuations over the periods analyzed. The ratio was consistently at 0.00 for most quarters, indicating that the company had no debt relative to its total assets during those periods. However, in December 31, 2020, the ratio increased to 0.07, indicating a small portion of the company's total assets was financed by debt at that time.

Thereafter, the ratio returned to 0.00 for several quarters until December 31, 2021, when it increased to 0.12, suggesting a slight increase in the proportion of debt relative to total assets. The ratio decreased to 0.10 in December 31, 2022, before experiencing a notable spike to 0.42 in September 30, 2023, and then dropping slightly to 0.40 in December 31, 2023.

Overall, the debt-to-assets ratio for Amphastar P indicates that the company generally operates with low to no debt in relation to its total assets, except for a few quarters where there was a temporary increase in leverage. Monitoring this ratio can provide insights into the company's financial risk and solvency position.