American Axle & Manufacturing (AXL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $562,800K
= 0.00
The debt-to-equity ratio of American Axle & Manufacturing has consistently remained at 0.00 over the last five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any long-term debt to finance its operations during this period and has been relying solely on equity financing. A debt-to-equity ratio of 0.00 generally reflects a conservative financial structure with a lower level of financial risk, as the company does not have significant debt obligations relative to its equity. This stability in the debt-to-equity ratio may suggest that American Axle & Manufacturing has been managing its capital structure prudently and may be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2024