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.