AptarGroup Inc (ATR)

Solvency ratios

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Debt-to-assets ratio	0.14	0.17	0.14	0.14	0.13	0.12	0.18	0.19	0.21	0.22	0.28	0.27	0.22	0.22	0.27	0.28	0.28	0.28	0.29	0.26
Debt-to-capital ratio	0.20	0.23	0.20	0.21	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
Debt-to-equity ratio	0.24	0.31	0.26	0.26	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
Financial leverage ratio	1.79	1.82	1.86	1.89	1.93	1.95	2.00	2.04	2.05	2.15	2.20	2.22	2.10	2.11	2.07	2.10	2.16	2.19	2.32	2.38

AptarGroup Inc's solvency ratios provide insights into the company's ability to meet its long-term financial obligations.

1. Debt-to-assets ratio: This ratio indicates the proportion of the company's assets financed by debt. AptarGroup Inc's debt-to-assets ratio has shown a decreasing trend from 0.26 in March 2020 to 0.14 by December 2024, indicating that the company has been reducing its reliance on debt to finance its assets over the years.

2. Debt-to-capital ratio: This ratio reflects the proportion of the company's capital structure that is attributed to debt. AptarGroup Inc's debt-to-capital ratio decreased from 0.39 in March 2020 to 0.20 by December 2024. This decreasing trend suggests that the company has been lowering its debt relative to its total capital base.

3. Debt-to-equity ratio: The debt-to-equity ratio shows the relationship between the company's debt and equity financing. AptarGroup Inc's debt-to-equity ratio declined from 0.63 in March 2020 to 0.24 by December 2024, showing a significant reduction in the company's reliance on debt in relation to equity over the period.

4. Financial leverage ratio: This ratio measures the extent to which a company is using debt to finance its operations. AptarGroup Inc's financial leverage ratio decreased steadily from 2.38 in March 2020 to 1.79 by December 2024, suggesting a decreasing level of financial risk and leverage in the company's capital structure.

Overall, AptarGroup Inc has demonstrated a consistent effort to reduce its debt levels and strengthen its financial position, as indicated by the declining trend in its solvency ratios over the analyzed period. This improved solvency position can enhance the company's ability to weather economic downturns and meet its long-term obligations.

Coverage ratios

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Interest coverage	11.37	10.92	11.09	11.06	10.28	10.18	9.60	8.63	9.19	9.90	9.83	10.68	11.64	11.55	11.99	11.07	10.15	9.58	9.34	10.47

The interest coverage ratio for AptarGroup Inc has shown fluctuations over the analyzed period. The ratio measures the company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.

From March 31, 2020, to December 31, 2021, the interest coverage ratio for AptarGroup Inc steadily increased from 10.47 to 11.64, indicating an improving ability to cover interest payments. However, from March 31, 2022, to December 31, 2024, the ratio started to decline, reaching 11.37 by the end of December 2024.

The fluctuations in the interest coverage ratio suggest that AptarGroup Inc's ability to cover its interest expenses has varied over time. Investors and creditors should continue to monitor this ratio to assess the company's financial health and ability to meet its debt obligations.