AdvanSix Inc (ASIX)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 170,000 115,000 135,000 275,000 297,000
Total assets US$ in thousands 1,496,020 1,495,330 1,312,000 1,263,410 1,235,970
Debt-to-assets ratio 0.11 0.08 0.10 0.22 0.24

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $170,000K ÷ $1,496,020K
= 0.11

AdvanSix Inc's debt-to-assets ratio has shown a fluctuating trend over the past five years. The ratio was 0.24 in 2019 and decreased to 0.22 in 2020, indicating a slight improvement in the company's leverage position. However, there was a more significant drop to 0.10 in 2021, suggesting a considerable reduction in debt relative to assets. This improvement was not sustained, as the ratio increased to 0.08 in 2022 and then slightly rose again to 0.11 in 2023.

Overall, the trend in AdvanSix Inc's debt-to-assets ratio demonstrates variability in the company's capital structure and leverage levels in recent years. It is important to monitor this ratio over time to assess the company's ability to meet its financial obligations and manage its debt effectively.


Peer comparison

Dec 31, 2023