AdvanSix Inc (ASIX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $774,650K
= 0.00
The debt-to-equity ratio of AdvanSix Inc has consistently remained at 0.00 since December 31, 2020, through December 31, 2024. This indicates that the company has either zero debt or very minimal debt compared to its equity. A debt-to-equity ratio of 0.00 generally suggests a low financial risk in terms of leverage, as the company is primarily funded by equity rather than debt. This ratio signifies a strong financial position, as the company is not relying heavily on borrowed funds to finance its operations or growth. Investors and creditors may view a low debt-to-equity ratio favorably, as it demonstrates financial stability and the ability to meet obligations without being overleveraged.
Peer comparison
Dec 31, 2024