AdvanSix Inc (ASIX)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 774,650 | 766,408 | 746,597 | 713,157 | 739,237 | 754,485 | 774,359 | 758,067 | 738,180 | 714,277 | 719,209 | 658,391 | 601,190 | 566,311 | 522,829 | 474,588 | 444,123 | 421,034 | 420,787 | 407,836 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-capital ratio for AdvanSix Inc has consistently been reported as 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its operations relative to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company is not relying on debt to fund its operations and growth, which can be viewed positively as it indicates a lower financial risk and potentially stronger financial position. However, it is important to consider that while a low debt-to-capital ratio may be beneficial in terms of financial stability, it can also limit the company's ability to leverage debt for potential growth opportunities or tax benefits.
Peer comparison
Dec 31, 2024