Allegheny Technologies Incorporated (ATI)
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 | 1,850,400 | 1,373,000 | 1,045,900 | 685,600 | 521,100 |
| 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 + $1,850,400K)
= 0.00
The debt-to-capital ratio for Allegheny Technologies Incorporated has remained consistently at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company is entirely financed by equity, which can be viewed positively as it signifies a lower financial risk and a stronger financial position. However, it's important to note that while a low debt-to-capital ratio indicates financial strength, it may also imply missed opportunities for leveraging debt for potential growth or tax benefits. Ultimately, the company's strategic decisions regarding its capital structure should be assessed in the context of its overall financial objectives and market conditions.