Amphastar P (AMPH)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	732,298	727,678	713,346	672,356	639,421	595,140	589,235	548,577	528,658	505,165	499,307	479,525	445,522	430,176	421,993	405,558	402,306	450,962	397,681	377,514
Debt-to-capital ratio		0.46	0.00	0.00	0.00	0.49	0.52	0.00	0.00	0.13	0.00	0.00	0.00	0.15	0.00	0.00	0.00	0.10	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $613,532K ÷ ($613,532K + $732,298K)
= 0.46

The debt-to-capital ratio for Amphastar P has fluctuated over the periods presented. As of December 31, 2020, the ratio stood at 0.10, indicating that 10% of the company's capital structure was financed by debt. Subsequently, the ratio decreased to 0.00 in the following quarters until December 31, 2021, when it increased to 0.15, suggesting a higher level of debt relative to the company's capital at that point.

The ratio remained relatively stable at lower levels for the next few quarters, with occasional spikes such as in September 30, 2023, and December 31, 2023, where it surged to 0.52 and 0.49, respectively. These spikes may indicate significant changes in the company's debt levels or capital structure during those periods.

Overall, the debt-to-capital ratio for Amphastar P appears to have shown some variability, with some quarters having higher debt proportions compared to others. It is essential for investors and analysts to closely monitor this ratio to assess the company's leverage and financial risk over time.