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.
Peer comparison
Dec 31, 2023