Amentum Holdings Inc. (AMTM)
Debt-to-equity 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-equity ratio | 1.04 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,643,000K ÷ $4,460,000K
= 1.04
The debt-to-equity ratio for Amentum Holdings Inc. as of December 31, 2022 and December 31, 2023, was 0.00, indicating that the company had no debt during these periods and relied entirely on equity to finance its operations.
However, as of September 30, 2024, the debt-to-equity ratio increased to 1.04, suggesting that Amentum Holdings Inc. began to use debt as a source of financing in addition to equity. This increase may indicate a shift in the company's capital structure towards using a combination of debt and equity to support its growth and operations.
It is essential to monitor the trend of the debt-to-equity ratio over time to assess the company's financial leverage and risk exposure. A higher ratio could indicate increased financial risk, while a lower ratio may imply a conservative financing approach.
Peer comparison
Sep 30, 2024