Axalta Coating Systems Ltd (AXTA)
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 | 3,401,000 | 3,478,000 | 3,673,300 | — | — |
| Total assets | US$ in thousands | 7,249,000 | 7,272,000 | 7,059,200 | 7,217,200 | 7,157,200 |
| Debt-to-assets ratio | 0.47 | 0.48 | 0.52 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,401,000K ÷ $7,249,000K
= 0.47
The debt-to-assets ratio of Axalta Coating Systems Ltd has shown a consistent trend over the past five years. At the end of 2020 and 2021, the company had a debt-to-assets ratio of 0.00, indicating that it had no debt relative to its total assets during these periods.
However, there was a notable increase in the debt-to-assets ratio in 2022, reaching 0.52. This suggests that Axalta Coating Systems Ltd increased its debt levels in relation to its total assets that year.
Subsequently, the debt-to-assets ratio decreased slightly in 2023 and 2024 to 0.48 and 0.47, respectively. While the ratio remained above zero, the downward trend indicates a relative reduction in debt compared to total assets during these two years.
Overall, the company has maintained a generally low level of debt in relation to its total assets, with fluctuations observed in the recent years. It is important to monitor future trends to assess the company's leverage and financial health.
Peer comparison
Dec 31, 2024