AptarGroup Inc (ATR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 600,000 | 600,000 | 868,700 | 900,000 | 1,100,000 |
| Total assets | US$ in thousands | 4,432,280 | 4,451,890 | 4,203,460 | 4,141,360 | 3,990,050 |
| Debt-to-assets ratio | 0.14 | 0.13 | 0.21 | 0.22 | 0.28 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $600,000K ÷ $4,432,280K
= 0.14
Based on the data provided, AptarGroup Inc's debt-to-assets ratio has shown a decreasing trend over the years. As of December 31, 2020, the ratio was 0.28, indicating that 28% of the company's assets were financed by debt. However, by December 31, 2024, the ratio had decreased to 0.14, suggesting that only 14% of the company's assets were financed by debt.
This consistent decline in the debt-to-assets ratio is a positive sign as it indicates that AptarGroup Inc is reducing its reliance on debt to finance its operations and investments. A lower debt-to-assets ratio generally implies lower financial risk and greater financial stability for the company, as it has less debt relative to its total assets.
Overall, the decreasing trend in AptarGroup Inc's debt-to-assets ratio from 2020 to 2024 reflects a prudent financial management strategy that has resulted in a healthier balance sheet and improved financial strength for the company.
Peer comparison
Dec 31, 2024