Aptiv PLC (APTV)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 7,843,000 8,283,000 5,504,000 4,721,000 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
Total stockholders’ equity US$ in thousands 8,796,000 8,882,000 11,467,000 11,120,000 11,548,000 10,778,000 9,232,000 8,983,000 8,809,000 8,195,000 8,099,000 8,396,000 8,347,000 8,294,000 8,322,000 8,077,000 7,905,000 7,363,000 6,942,000 4,971,000
Debt-to-capital ratio 0.47 0.48 0.32 0.30 0.35 0.37 0.41 0.42 0.42 0.44 0.44 0.44 0.33 0.33 0.33 0.33 0.34 0.35 0.36 0.55

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 fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 0.55 as of March 31, 2020, to 0.30 as of March 31, 2024, indicating a declining trend in the company's reliance on debt to finance its operations relative to its total capital. However, there were intermittent increases and fluctuations in the ratio during this period, with peaks seen in the quarters ending September 30, 2020, June 30, 2022, and September 30, 2024. Overall, Aptiv has maintained a moderate debt-to-capital ratio, demonstrating a balanced approach in its capital structure management during the period under review.