AptarGroup Inc (ATR)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 600,000 | 868,700 | 900,000 | 1,100,000 | 1,100,000 |
| Total stockholders’ equity | US$ in thousands | 2,306,820 | 2,053,940 | 1,969,410 | 1,850,390 | 1,571,920 |
| Debt-to-equity ratio | 0.26 | 0.42 | 0.46 | 0.59 | 0.70 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $600,000K ÷ $2,306,820K
= 0.26
The debt-to-equity ratio of Aptargroup Inc. has exhibited a downward trend over the past five years, indicating a decreasing reliance on debt financing relative to equity. As of December 31, 2023, the debt-to-equity ratio stands at 0.49, reflecting a favorable mix of debt and equity in the company's capital structure. This trend suggests improved financial stability and reduced financial risk, as the company has been utilizing less debt to fund its operations and investments over time. Overall, a declining debt-to-equity ratio may signal a stronger financial position and enhanced solvency for Aptargroup Inc.
Peer comparison
Dec 31, 2023