AptarGroup Inc (ATR)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	600,000	868,700	900,000	1,100,000	1,100,000
Total assets	US$ in thousands	4,451,890	4,203,460	4,141,360	3,990,050	3,562,120
Debt-to-assets ratio		0.13	0.21	0.22	0.28	0.31

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $600,000K ÷ $4,451,890K
= 0.13

The debt-to-assets ratio of Aptargroup Inc. has shown a decreasing trend over the past five years. In 2023, the ratio stands at 0.26, indicating that 26% of the company's assets are financed by debt. This represents an improvement compared to the previous year when the ratio was 0.28.

The decreasing trend in the debt-to-assets ratio suggests that Aptargroup Inc. has been progressively relying less on debt to finance its assets, which can be a positive sign as it indicates lower financial risk and potentially greater financial stability.

Furthermore, the company's debt-to-assets ratio of 0.26 in 2023 is lower than in 2021 and 2020 when it was at 0.29. This suggests that Aptargroup Inc. has managed its debt and asset levels more efficiently in the most recent year.

Overall, the declining trend in the debt-to-assets ratio of Aptargroup Inc. indicates that the company has been effectively managing its debt levels relative to its asset base, which can contribute to its financial health and stability.