American Axle & Manufacturing (AXL)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 562,800 | 604,900 | 627,300 | 457,800 | 370,500 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $562,800K)
= 0.00
The debt-to-capital ratio for American Axle & Manufacturing has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not been utilizing debt to finance its operations significantly, and it has been mainly relying on equity financing. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is predominantly equity-based, which may imply a lower financial risk compared to companies with higher debt levels. Nevertheless, it is important to assess other financial metrics and factors to gain a comprehensive understanding of American Axle & Manufacturing's overall financial health and risk profile.
Peer comparison
Dec 31, 2024