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.