AdvanSix Inc (ASIX)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $774,650K
= 0.00

AdvanSix Inc has consistently maintained a debt-to-equity ratio of 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this timeframe, relying solely on equity to fund its activities. A debt-to-equity ratio of 0.00 typically suggests a lower financial risk as there is no debt in the capital structure to repay. However, it is important to note that having no debt can also limit the potential benefits of leverage and tax advantages that come with debt financing. Overall, AdvanSix Inc's stable and low debt-to-equity ratio reflects a conservative capital structure strategy focused on minimizing financial leverage.