Aptiv PLC (APTV)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	3,819,000	3,565,000	3,519,000	3,418,000
Debt-to-equity ratio		0.54	0.60	0.70	0.72	0.73	0.77	0.79	0.77	0.49	0.48	0.48	0.49	0.51	0.53	0.57	1.20	1.04	1.10	1.14	1.17

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,204,000K ÷ $11,548,000K
= 0.54

The debt-to-equity ratio of Aptiv PLC has fluctuated over the past eight quarters, ranging from 0.54 to 0.80. A decreasing trend is observed from Q4 2022 to Q2 2023, where the ratio decreased from 0.74 to 0.71. However, in the most recent quarters, Q3 2023 and Q4 2023, the ratio has started to increase again to 0.60 and 0.54, respectively.

Overall, the debt-to-equity ratio indicates the proportion of debt used to finance the company's operations relative to shareholders' equity. A lower ratio suggests less dependence on debt financing and a stronger financial position, while a higher ratio may indicate higher financial risk due to increased leverage. Aptiv PLC's ratio of around 0.54 to 0.80 over the past year demonstrates a moderate level of debt compared to equity, which could be considered a balanced approach to funding its operations.Comparing it to industry benchmarks or historical data of the company would provide a more comprehensive insight into the company's leverage position.