Amphenol Corporation (APH)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 4,530,300 | 4,155,300 | 4,148,300 | 4,123,100 |
| Debt-to-equity ratio | 0.45 | 0.45 | 0.48 | 0.58 | 0.60 | 0.66 | 0.70 | 0.75 | 0.79 | 0.88 | 0.88 | 0.80 | 0.75 | 0.78 | 0.85 | 1.05 | 0.75 | 0.89 | 0.90 | 0.89 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,742,600K ÷ $8,346,500K
= 0.45
The debt-to-equity ratio of Amphenol Corp. has shown a decreasing trend over the past eight quarters, starting at 0.77 in Q1 2022 and gradually declining to 0.52 in Q4 2023. This indicates that the company has been relying less on debt financing relative to equity financing during this period. A lower debt-to-equity ratio is generally viewed positively as it suggests a lower financial risk and a stronger financial position for the company. Amphenol Corp.'s decreasing trend in the debt-to-equity ratio may indicate prudent financial management and a reduced reliance on external borrowing to fund its operations and growth.