Avantor Inc (AVTR)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	3,234,700	4,691,400	4,856,600	5,023,900	5,276,700	5,290,500	5,570,300	5,736,000	5,923,300	5,907,500	6,292,700	6,815,800	6,978,000	5,549,800	5,611,500	4,606,300	4,867,500	5,056,500	5,063,800	5,040,400
Total assets	US$ in thousands	12,114,500	12,840,600	12,693,500	12,763,400	12,972,700	12,798,100	13,063,300	13,395,900	13,464,300	13,113,300	13,430,900	13,836,400	13,897,200	12,199,200	11,249,700	9,738,800	9,906,500	9,938,400	9,867,000	9,786,200
Debt-to-assets ratio		0.27	0.37	0.38	0.39	0.41	0.41	0.43	0.43	0.44	0.45	0.47	0.49	0.50	0.45	0.50	0.47	0.49	0.51	0.51	0.52

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,234,700K ÷ $12,114,500K
= 0.27

The debt-to-assets ratio of Avantor Inc has shown a gradual decline over the past few years, indicating a decreasing reliance on debt to finance its assets. The ratio decreased from 0.52 as of March 31, 2020, to 0.27 as of December 31, 2024. This trend suggests that the company has been successful in managing its debt levels relative to its asset base. A lower ratio generally indicates a lower financial risk and greater financial stability for the company. It is important to note that a declining debt-to-assets ratio could be a positive signal for investors as it shows prudent financial management by the company.