Amphenol Corporation (APH)
Debt-to-assets 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 | 6,259,300 | 4,973,700 | 4,762,200 | 3,288,600 | 3,742,600 | 3,517,300 | 3,608,800 | 4,250,300 | 4,182,300 | 4,312,100 | 4,545,800 | 4,827,600 | 5,005,800 | 5,224,500 | 5,004,000 | 4,362,100 | 4,031,200 | 3,940,700 | 4,049,200 | 4,607,400 |
| Total assets | US$ in thousands | 21,440,200 | 19,585,600 | 18,586,800 | 16,722,500 | 16,526,400 | 15,759,000 | 15,237,900 | 15,381,500 | 15,326,200 | 15,097,900 | 14,986,100 | 14,873,600 | 14,678,400 | 14,926,100 | 14,559,100 | 13,133,500 | 12,327,300 | 11,753,900 | 11,203,900 | 12,077,700 |
| Debt-to-assets ratio | 0.29 | 0.25 | 0.26 | 0.20 | 0.23 | 0.22 | 0.24 | 0.28 | 0.27 | 0.29 | 0.30 | 0.32 | 0.34 | 0.35 | 0.34 | 0.33 | 0.33 | 0.34 | 0.36 | 0.38 |
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 of Amphenol Corporation has shown a declining trend over the period analyzed. Starting at 0.38 in March 31, 2020, the ratio decreased consistently, reaching its lowest point of 0.20 in March 31, 2024. This indicates that the company's level of debt in relation to its total assets has been reducing over time. A decreasing debt-to-assets ratio is generally a positive sign, as it suggests that the company is becoming less reliant on debt financing and is potentially improving its financial stability. However, it is important to consider the specific industry and company circumstances when interpreting this ratio, as different industries may have varying optimal levels of debt-to-assets ratios.