American Axle & Manufacturing (AXL)

Debt-to-capital 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
Total stockholders’ equity US$ in thousands 562,800 616,300 609,600 621,400 604,900 613,700 644,800 621,700 627,300 486,500 469,200 484,500 457,800 432,800 441,300 401,300 370,500 340,900 196,200 389,800
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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

American Axle & Manufacturing has consistently maintained a debt-to-capital ratio of 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company does not rely heavily on debt to finance its operations and investments. A debt-to-capital ratio of 0.00 signifies that the company's total debt is non-existent in relation to its total capital, which includes both debt and equity. This could indicate a conservative financial strategy where the company primarily utilizes equity financing or has effectively managed its debt levels to remain minimal. In terms of financial risk, a low or zero debt-to-capital ratio can be viewed positively by investors and creditors as it suggests a lower risk of financial distress and potentially signals financial stability for the company.