Armstrong World Industries Inc (AWI)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 502,600 | 533,100 | 558,900 | 564,300 | 604,800 | 640,200 | 660,600 | 651,100 | 658,300 | 644,300 | 615,300 | 606,400 | 602,400 | 653,400 | 684,400 | 690,500 | 656,500 | 607,500 | 678,500 | 604,500 |
| Total assets | US$ in thousands | 1,842,700 | 1,804,000 | 1,691,500 | 1,672,400 | 1,713,800 | 1,712,300 | 1,687,900 | 1,687,200 | 1,739,400 | 1,734,000 | 1,708,100 | 1,710,000 | 1,704,900 | 1,716,700 | 1,715,300 | 1,718,500 | 1,633,700 | 1,544,300 | 1,590,300 | 1,493,300 |
| Debt-to-assets ratio | 0.27 | 0.30 | 0.33 | 0.34 | 0.35 | 0.37 | 0.39 | 0.39 | 0.38 | 0.37 | 0.36 | 0.35 | 0.35 | 0.38 | 0.40 | 0.40 | 0.40 | 0.39 | 0.43 | 0.40 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $502,600K ÷ $1,842,700K
= 0.27
Armstrong World Industries Inc's debt-to-assets ratio has shown a slight fluctuation over the past few years, ranging between 0.27 and 0.43. The ratio peaked at 0.43 in March 2020 but has since trended downwards, reaching 0.27 by December 2024. This indicates that the company has been reducing its debt relative to its total assets, signaling a strengthening financial position in terms of debt management. A lower debt-to-assets ratio suggests that the company is relying less on debt financing to support its operations and investments, which can reduce financial risk and improve overall solvency. Overall, the decreasing trend in the debt-to-assets ratio for Armstrong World Industries Inc reflects a favorable financial position and prudent debt management strategy.
Peer comparison
Dec 31, 2024