AptarGroup Inc (ATR)

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	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	1,100,000	1,100,000	1,100,000	1,100,000
Total assets	US$ in thousands	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	3,562,120	3,465,140	3,588,720	3,415,630
Debt-to-assets ratio		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	0.31	0.32	0.31	0.32

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 been relatively stable over the past eight quarters, ranging from 0.26 to 0.33. This ratio indicates the proportion of the company's total liabilities to its total assets. A lower debt-to-assets ratio suggests lower financial risk, as it implies that the company relies less on debt financing and has a stronger financial position. In the case of Aptargroup Inc., the ratio has been consistently below 0.35, indicating a conservative approach to debt management. This suggests that the company has a strong balance sheet with a significant portion of its assets financed through equity rather than debt. Keeping the debt-to-assets ratio relatively low can provide the company with financial stability and flexibility, reducing the risk of financial distress in times of economic uncertainty. Overall, based on the trend of the debt-to-assets ratio, Aptargroup Inc. appears to maintain a prudent debt level relative to its total assets across the quarters analyzed.