Armstrong World Industries Inc (AWI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 502,600 | 564,300 | 651,100 | 606,400 | 690,500 |
| Total assets | US$ in thousands | 1,842,700 | 1,672,400 | 1,687,200 | 1,710,000 | 1,718,500 |
| Debt-to-assets ratio | 0.27 | 0.34 | 0.39 | 0.35 | 0.40 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $502,600K ÷ $1,842,700K
= 0.27
The debt-to-assets ratio for Armstrong World Industries Inc has shown a decreasing trend over the years, declining from 0.40 as of December 31, 2020, to 0.27 as of December 31, 2024. This indicates that the company has been successful in reducing its debt relative to its total assets. A lower debt-to-assets ratio signifies lower financial risk and a stronger financial position, suggesting that the company may have improved its ability to cover its debt obligations with its assets. It also reflects positively on the company's creditworthiness and may indicate efficient management of its debt levels. Overall, the decreasing trend in the debt-to-assets ratio for Armstrong World Industries Inc indicates a potentially healthier financial position and improved financial stability over the years.
Peer comparison
Dec 31, 2024