Aptiv PLC (APTV)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	6,204,000	6,460,000	4,059,000	4,011,000	3,971,000
Total assets	US$ in thousands	24,427,000	21,884,000	18,007,000	17,522,000	13,459,000
Debt-to-assets ratio		0.25	0.30	0.23	0.23	0.30

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,204,000K ÷ $24,427,000K
= 0.25

The debt-to-assets ratio of Aptiv PLC has shown a decreasing trend from 2019 to 2023, indicating an improvement in the company's ability to fund its operations with its own resources rather than relying on debt. The ratio decreased from 0.32 in 2019 to 0.25 in 2023. This suggests that the company has been reducing its reliance on debt financing over the years, which may lead to lower financial risk and increased financial stability. Overall, the decreasing trend in the debt-to-assets ratio reflects a positive financial position for Aptiv PLC.