Allegheny Technologies Incorporated (ATI)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 4,985,100 | 4,731,100 | 4,434,700 | 4,287,300 | 4,445,600 | 4,287,800 | 4,229,400 | 4,236,100 | 4,285,200 | 4,626,500 | 3,974,000 | 4,068,500 | 4,034,900 | 5,063,900 | 5,169,400 | 5,807,100 | 5,634,600 | 5,628,900 | 5,549,300 | 5,491,000 |
| Debt-to-assets 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,985,100K
= 0.00
The debt-to-assets ratio of ATI Inc has shown fluctuations over the last eight quarters. The ratio has ranged from 0.39 to 0.46 during this period, indicating the proportion of the company's assets that are financed through debt. A higher ratio generally suggests a higher level of financial risk and reliance on debt financing, while a lower ratio indicates a stronger financial position with lower debt levels relative to assets.
In Q4 2023, the debt-to-assets ratio was 0.44, showing a slight decrease from the previous quarter. This could imply that ATI Inc may have reduced its debt levels or increased its asset base in comparison to the previous quarter.
Overall, the trend in ATI Inc's debt-to-assets ratio over the past eight quarters suggests a relatively stable and balanced financial position in terms of debt utilization. However, further analysis of the company's overall financial health and performance metrics would be necessary to provide a more comprehensive assessment of its financial stability and leverage.