Amphenol Corporation (APH)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 3,379,400 | 3,697,700 | 3,725,500 | 3,657,200 |
| Total assets | US$ in thousands | 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 | 10,815,500 | 10,683,600 | 10,634,000 | 10,208,100 |
| Debt-to-assets ratio | 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 | 0.31 | 0.35 | 0.35 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,742,600K ÷ $16,526,400K
= 0.23
The debt-to-assets ratio of Amphenol Corp. has shown a general upward trend over the past eight quarters, increasing from 0.26 in Q4 2022 to 0.33 in Q1 2022. This indicates that the company's proportion of debt to total assets has been gradually rising. While a higher debt-to-assets ratio may suggest increased financial risk due to a higher level of debt relative to assets, it is important to consider industry norms and the company's overall financial health. In Amphenol Corp.'s case, further analysis of other financial ratios and the company's cash flow position would be necessary to assess the impact of the increasing debt-to-assets ratio on its financial stability and performance.