AdvanSix Inc (ASIX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,594,920 | 1,496,020 | 1,495,330 | 1,312,000 | 1,263,410 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,594,920K
= 0.00
The debt-to-assets ratio of AdvanSix Inc has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company's operations are primarily funded through equity or internal sources rather than through borrowing. This can be seen as a positive sign of financial stability and lower financial risk, as the company is not relying on debt to support its operations or investments. However, it's important to consider other financial metrics and market conditions to assess the overall financial health and performance of AdvanSix Inc.
Peer comparison
Dec 31, 2024