Aptiv PLC (APTV)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,843,000 | 6,204,000 | 6,460,000 | 4,059,000 | 4,011,000 |
| Total stockholders’ equity | US$ in thousands | 8,796,000 | 11,548,000 | 8,809,000 | 8,347,000 | 7,905,000 |
| Debt-to-capital ratio | 0.47 | 0.35 | 0.42 | 0.33 | 0.34 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,843,000K ÷ ($7,843,000K + $8,796,000K)
= 0.47
The debt-to-capital ratio of Aptiv PLC has shown some fluctuations over the past five years. Starting at 0.34 in 2020, it decreased to 0.33 in 2021, indicating a slightly improved financial position in terms of leverage. However, in 2022, the ratio increased to 0.42, suggesting a higher reliance on debt to finance its operations. Subsequently, in 2023, the ratio decreased again to 0.35, showing a partial recovery. By the end of 2024, the ratio rose significantly to 0.47, indicating a higher proportion of debt in the company's capital structure, which could potentially pose increased financial risk. Overall, Aptiv's debt-to-capital ratio has exhibited some volatility, and it is important for stakeholders to monitor this metric closely to assess the company's leverage and financial health.
Peer comparison
Dec 31, 2024