AptarGroup Inc (ATR)
Debt-to-assets 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 | 600,000 | 775,500 | 614,500 | 621,200 | 600,000 | 517,300 | 801,100 | 828,900 | 868,700 | 900,000 | 1,200,000 | 1,200,000 | 900,000 | 900,000 | 1,100,000 | 1,100,000 | 1,100,000 | 1,100,000 | 1,100,000 | 1,000,000 |
| Total assets | US$ in thousands | 4,432,280 | 4,625,220 | 4,453,260 | 4,437,090 | 4,451,890 | 4,298,220 | 4,347,710 | 4,302,800 | 4,203,460 | 4,026,470 | 4,258,110 | 4,407,450 | 4,141,360 | 4,131,480 | 4,110,100 | 3,992,640 | 3,990,050 | 3,861,750 | 3,814,020 | 3,776,550 |
| Debt-to-assets ratio | 0.14 | 0.17 | 0.14 | 0.14 | 0.13 | 0.12 | 0.18 | 0.19 | 0.21 | 0.22 | 0.28 | 0.27 | 0.22 | 0.22 | 0.27 | 0.28 | 0.28 | 0.28 | 0.29 | 0.26 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $600,000K ÷ $4,432,280K
= 0.14
AptarGroup Inc's debt-to-assets ratio has shown a gradual decline from 0.26 as of March 31, 2020, to 0.14 as of June 30, 2024. This indicates that the company's level of debt in relation to its total assets has been decreasing over the period, suggesting a stronger financial position and lower financial risk. The company seems to have managed its debt levels effectively, potentially through debt repayment, improved asset utilization, or a combination of both. The decreasing trend in the debt-to-assets ratio is generally viewed positively by investors and creditors as it signifies a healthier balance sheet and enhanced financial stability for the company.
Peer comparison
Dec 31, 2024