Amphenol Corporation (APH)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,259,300 | 3,742,600 | 4,182,300 | 5,005,800 | 4,031,200 |
| Total assets | US$ in thousands | 21,440,200 | 16,526,400 | 15,326,200 | 14,678,400 | 12,327,300 |
| Debt-to-assets ratio | 0.29 | 0.23 | 0.27 | 0.34 | 0.33 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,259,300K ÷ $21,440,200K
= 0.29
The debt-to-assets ratio for Amphenol Corporation has shown a consistent downward trend from 0.33 in December 31, 2020, to 0.29 in December 31, 2024. This indicates that the company has been effective in managing its debt levels relative to its total assets over the past five years. Lower debt-to-assets ratios suggest that the company has a stronger financial position and lower financial risk, as it indicates a lower reliance on debt financing. The decrease in the ratio over time may imply improved operational efficiency, more prudent debt management, or possibly increased asset base growth. Overall, the declining trend in the debt-to-assets ratio reflects positively on the financial health and stability of Amphenol Corporation.