AdvanSix Inc (ASIX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 774,650 | 739,237 | 738,180 | 601,190 | 444,123 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $774,650K)
= 0.00
Based on the provided data, it appears that AdvanSix Inc has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during these periods. This suggests that AdvanSix Inc may be financing its operations primarily through equity rather than debt, which can be considered a positive sign in terms of risk management and financial stability. Additionally, having a low or zero debt-to-capital ratio can indicate that the company has a strong financial position with lower financial risk.
Peer comparison
Dec 31, 2024