Amentum Holdings Inc. (AMTM)
Debt-to-assets ratio
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,643,000 | — | — |
| Total assets | US$ in thousands | 11,974,000 | 4,167,000 | 4,220,000 |
| Debt-to-assets ratio | 0.39 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,643,000K ÷ $11,974,000K
= 0.39
Based on the provided data, the debt-to-assets ratio of Amentum Holdings Inc. was 0.00 as of December 31, 2022 and December 31, 2023, indicating that the company had no debt relative to its total assets during those periods.
However, the ratio increased to 0.39 as of September 30, 2024. This indicates that as of September 30, 2024, Amentum Holdings Inc. had a debt level that represented 39% of its total assets. An increase in the debt-to-assets ratio can signal that the company has taken on more debt to finance its operations or investments, which may increase its financial risk.
It is important to note that a higher debt-to-assets ratio can make a company more vulnerable to economic downturns or changes in interest rates, as it may have difficulties in servicing its debt obligations. Further analysis of the company's financial health and risk management strategies would be warranted to fully assess the implications of this change in the debt-to-assets ratio.
Peer comparison
Sep 30, 2024