Aptiv PLC (APTV)
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 | 6,204,000 | 6,419,000 | 6,476,000 | 6,473,000 | 6,460,000 | 6,336,000 | 6,433,000 | 6,503,000 | 4,059,000 | 4,000,000 | 4,031,000 | 3,946,000 | 4,011,000 | 3,935,000 | 3,946,000 | 5,964,000 | 3,971,000 | 3,939,000 | 3,997,000 | 3,995,000 |
| Total assets | US$ in thousands | 24,427,000 | 23,711,000 | 22,098,000 | 21,716,000 | 21,884,000 | 19,971,000 | 19,908,000 | 20,404,000 | 18,007,000 | 17,651,000 | 17,780,000 | 17,476,000 | 17,522,000 | 16,444,000 | 15,280,000 | 16,167,000 | 13,459,000 | 12,939,000 | 13,108,000 | 13,019,000 |
| Debt-to-assets ratio | 0.25 | 0.27 | 0.29 | 0.30 | 0.30 | 0.32 | 0.32 | 0.32 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.24 | 0.26 | 0.37 | 0.30 | 0.30 | 0.30 | 0.31 |
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 for Aptiv PLC has been showing a declining trend from Q4 2022 to Q4 2023. This ratio indicates that for every dollar of assets the company holds, they have $0.25 in debt in Q4 2023, reducing from $0.32 in Q2 and Q3 2022. This downward trend suggests that the company has been effectively managing its debt levels relative to its total assets, which can be a positive indicator of financial health and stability. However, it's important to continue monitoring this ratio to ensure that the company maintains a healthy balance between debt and assets in the future.
Peer comparison
Dec 31, 2023