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.
Peer comparison
Dec 31, 2023