Aptiv PLC (APTV)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 23,458,000 | 24,427,000 | 21,884,000 | 18,007,000 | 17,522,000 |
| Total stockholders’ equity | US$ in thousands | 8,796,000 | 11,548,000 | 8,809,000 | 8,347,000 | 7,905,000 |
| Financial leverage ratio | 2.67 | 2.12 | 2.48 | 2.16 | 2.22 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $23,458,000K ÷ $8,796,000K
= 2.67
The financial leverage ratio of Aptiv PLC has fluctuated over the years. As of December 31, 2020, the ratio was 2.22, indicating that the company utilized debt in its capital structure. By December 31, 2021, the ratio slightly decreased to 2.16, suggesting a slight improvement in the company's leverage position. However, by December 31, 2022, the ratio increased to 2.48, signaling potentially higher levels of debt relative to equity.
Subsequently, by December 31, 2023, the financial leverage ratio decreased to 2.12, indicating a reduction in the company's reliance on debt financing compared to the previous year. However, by December 31, 2024, the ratio rose to 2.67, reaching its highest point in the provided data.
Overall, the trend in the financial leverage ratio of Aptiv PLC shows some variability, with fluctuations indicating changes in the company's capital structure and debt management practices over the years. It is important for stakeholders to closely monitor these fluctuations to assess the company's financial risk and leverage levels.
Peer comparison
Dec 31, 2024