Amphastar P (AMPH)

Debt-to-equity 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-equity ratio		0.84	0.00	0.00	0.00	0.94	1.10	0.00	0.00	0.14	0.00	0.00	0.00	0.18	0.00	0.00	0.00	0.11	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $613,532K ÷ $732,298K
= 0.84

Based on the debt-to-equity ratio data for Amphastar P, the company's ratio remained at 0.00 from March 2020 to March 2021, indicating a balanced capital structure without significant reliance on debt. However, there was a slight increase in the ratio to 0.11 by the end of December 2021, suggesting a small increase in debt relative to equity.

Subsequently, the ratio returned to 0.00 for the next three quarters from March 2022 to June 2023, indicating a temporary decrease in debt levels. However, by September 2023, the debt-to-equity ratio spiked to 1.10, signaling a substantial increase in debt compared to equity. This significant change in the ratio could indicate the company took on additional debt during this period.

By December 2023, the ratio decreased to 0.94, showing some improvement from the previous quarter but still indicating a relatively high level of debt compared to equity. The ratio then decreased to 0.84 by December 2024, suggesting a continued effort to reduce debt levels and improve the balance between debt and equity in the company's capital structure.

Overall, the debt-to-equity ratio data indicates fluctuations in the company's capital structure over the analyzed period, with moments of higher debt levels relative to equity balanced by periods of lower debt and a more conservative financial position. Monitoring this ratio can provide insights into the company's leverage and financial risk management strategies.