Amphenol Corporation (APH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 9,792,000 | 9,452,500 | 8,980,100 | 8,681,500 | 8,346,500 | 7,856,800 | 7,513,700 | 7,308,100 | 7,015,600 | 6,570,900 | 6,464,300 | 6,426,100 | 6,302,000 | 5,945,900 | 5,715,500 | 5,461,000 | 5,384,900 | 5,040,200 | 4,738,600 | 4,385,800 |
| Debt-to-capital ratio | 0.39 | 0.34 | 0.35 | 0.27 | 0.31 | 0.31 | 0.32 | 0.37 | 0.37 | 0.40 | 0.41 | 0.43 | 0.44 | 0.47 | 0.47 | 0.44 | 0.43 | 0.44 | 0.46 | 0.51 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,259,300K ÷ ($6,259,300K + $9,792,000K)
= 0.39
The debt-to-capital ratio of Amphenol Corporation has exhibited a downward trend over the period from March 31, 2020, to December 31, 2024. Starting at 0.51 in March 2020, the ratio decreased to 0.39 by the end of December 2024. This reduction indicates that the company has been effectively managing its debt relative to its total capital structure over the years. A decreasing debt-to-capital ratio suggests that the company is relying less on debt financing and has likely been paying down its debt or increasing its equity base. This trend is generally viewed positively by investors and creditors as it may indicate improved financial health and decreased financial risk for the company.