AptarGroup Inc (ATR)
Debt-to-equity 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-equity ratio | 0.26 | 0.24 | 0.37 | 0.39 | 0.42 | 0.48 | 0.62 | 0.61 | 0.46 | 0.46 | 0.55 | 0.58 | 0.59 | 0.63 | 0.67 | 0.63 | 0.70 | 0.71 | 0.70 | 0.75 |
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 been showing a decreasing trend over the past year, falling from 0.72 in Q1 2022 to 0.49 in Q4 2023. This implies that the company's level of debt relative to its equity has been decreasing over time, which may indicate improved financial health and reduced financial risk.
A lower debt-to-equity ratio suggests that the company is relying less on debt financing and has a stronger equity position to support its operations and growth. This could potentially make the company more attractive to investors and creditors as it indicates a more stable capital structure.
However, it is important to note that a debt-to-equity ratio below 1 does not necessarily mean that the company is not taking on significant debt. Understanding the composition of debt and the company's ability to service its debt obligations is crucial in assessing its overall financial position.
Overall, Aptargroup Inc.'s decreasing debt-to-equity ratio indicates a positive trend in terms of its financial leverage and may signal a more sustainable capital structure.
Peer comparison
Dec 31, 2023