Smith AO Corporation (AOS)
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 | 183,200 | 109,700 | 130,400 | 109,700 | 117,300 | 119,600 | 196,000 | 330,800 | 334,500 | 281,000 | 291,600 | 288,600 | 189,900 | 99,600 | 99,600 | 99,600 | 106,400 | 107,100 | 274,300 | 335,600 |
| Total stockholders’ equity | US$ in thousands | 1,883,500 | 1,916,700 | 1,911,600 | 1,881,800 | 1,844,400 | 1,882,400 | 1,888,400 | 1,790,200 | 1,747,700 | 1,747,800 | 1,792,500 | 1,808,900 | 1,832,200 | 1,896,500 | 1,816,300 | 1,849,000 | 1,848,300 | 1,747,100 | 1,658,100 | 1,616,300 |
| Debt-to-equity ratio | 0.10 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 | 0.10 | 0.18 | 0.19 | 0.16 | 0.16 | 0.16 | 0.10 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.17 | 0.21 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $183,200K ÷ $1,883,500K
= 0.10
The debt-to-equity ratio for Smith AO Corporation has shown a fluctuating trend over the past few years, ranging from 0.05 to 0.21. In general, a decreasing trend in the ratio indicates that the company is relying less on debt financing and has been strengthening its financial position relative to its equity. However, the ratio did show a slight increase in the most recent periods, reaching 0.19 by December 31, 2022.
Overall, the ratio suggests that Smith AO Corporation has been managing its debt levels effectively, maintaining a balanced capital structure with a reasonable mix of debt and equity. It is important for the company to continue monitoring and managing its debt levels to ensure sustainable growth and financial stability in the long run.
Peer comparison
Dec 31, 2024