American Axle & Manufacturing (AXL)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 5,059,900 | 5,356,300 | 5,469,400 | 5,635,700 | 5,916,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,059,900K
= 0.00
The debt-to-assets ratio for American Axle & Manufacturing over the past five years shows a consistent trend of 0.00, indicating that the company has not utilized debt as a source of financing relative to its total assets. A debt-to-assets ratio of 0.00 suggests that the company has either paid off or not taken on any debt during these years, resulting in a situation where its assets are entirely financed by equity. This may reflect a strong financial position with low financial risk, as the absence of debt obligations reduces the company's interest expense and potential for financial distress. Additionally, a debt-to-assets ratio of 0.00 can also indicate a conservative financial strategy or a lack of access to favorable debt financing options. It is important to consider other financial metrics and factors to gain a comprehensive understanding of American Axle & Manufacturing's overall financial health and performance.
Peer comparison
Dec 31, 2024