Api Group Corp (APG)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,953,000 | 2,868,000 | 2,127,000 | 2,323,000 | 1,558,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,953,000K)
= 0.00
The data indicates that Api Group Corp has maintained a debt-to-capital ratio of zero from December 31, 2020, through December 31, 2024. This consistent ratio suggests that the company has not reported any debt relative to its total capital during this period. Such a financial structure implies that Api Group Corp has financed its operations entirely through equity or other non-debt sources, with no recognized long-term or short-term debt obligations.
The absence of leverage, as reflected in the zero debt-to-capital ratio, generally indicates a conservative capital structure that reduces financial risk associated with debt obligations. However, it may also suggest limitations on the company's leverage capacity to fund growth initiatives or operational expansions, which could impact its strategic flexibility.
Overall, this constant zero ratio over multiple years underscores a debt-free financial position, highlighting the company's reliance on equity funding and a potential emphasis on financial stability and low leverage.
Peer comparison
Dec 31, 2024