Amentum Holdings Inc. (AMTM)

Debt-to-capital ratio

Sep 30, 2024 Dec 31, 2023 Dec 31, 2022
Long-term debt US$ in thousands 4,643,000 — —
Total stockholders’ equity US$ in thousands 4,460,000 3,275,000 3,259,000
Debt-to-capital ratio 0.51 0.00 0.00

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,643,000K ÷ ($4,643,000K + $4,460,000K)
= 0.51

The debt-to-capital ratio for Amentum Holdings Inc. stood at 0.00 as of December 31, 2022, and remained stable at 0.00 as of December 31, 2023. However, the ratio increased to 0.51 as of September 30, 2024. This suggests that the company relied more on debt to finance its operations and investments in the most recent period compared to the previous ones. It is crucial for stakeholders to monitor this ratio going forward to assess the company's leverage and financial risk profile.