AptarGroup Inc (ATR)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,306,820	2,199,740	2,174,390	2,112,820	2,053,940	1,874,680	1,934,110	1,983,270	1,969,410	1,957,900	1,986,280	1,900,410	1,850,390	1,759,570	1,645,630	1,587,290	1,571,920	1,553,660	1,581,110	1,467,400
Debt-to-capital ratio		0.21	0.19	0.27	0.28	0.30	0.32	0.38	0.38	0.31	0.31	0.36	0.37	0.37	0.38	0.40	0.39	0.41	0.41	0.41	0.43

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $600,000K ÷ ($600,000K + $2,306,820K)
= 0.21

The Debt-to-Capital ratio of Aptargroup Inc. has shown a general decreasing trend over the past eight quarters from Q1 2022 to Q4 2023. Starting at 0.42 in Q1 2022, the ratio has gradually decreased to 0.33 by Q4 2023. This indicates that the company has been reducing its debt relative to its capital over time.

A lower debt-to-capital ratio suggests that Aptargroup Inc. is relying less on debt financing and has a stronger equity position. This can be viewed positively by investors and creditors as it signifies a lower financial risk and better financial health for the company.

Overall, the decreasing trend in the Debt-to-Capital ratio reflects a prudent financial management strategy by Aptargroup Inc., potentially enhancing its financial stability and long-term growth prospects.