Axalta Coating Systems Ltd (AXTA)
Debt-to-assets 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 | 3,401,000 | — | — | — | 3,478,000 | — | — | — | 3,673,300 | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 7,249,000 | 7,500,000 | 7,306,000 | 7,089,000 | 7,272,000 | 6,996,000 | 7,043,100 | 7,000,600 | 7,059,200 | 6,819,000 | 6,942,600 | 7,081,500 | 7,217,200 | 7,233,000 | 7,209,400 | 7,020,800 | 7,157,200 | 7,036,500 | 6,668,600 | 6,390,700 |
| Debt-to-assets ratio | 0.47 | 0.00 | 0.00 | 0.00 | 0.48 | 0.00 | 0.00 | 0.00 | 0.52 | 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-assets ratio = Long-term debt ÷ Total assets
= $3,401,000K ÷ $7,249,000K
= 0.47
Based on the data provided, Axalta Coating Systems Ltd's debt-to-assets ratio remained consistently low at 0.00 from March 31, 2020, to March 31, 2023. This indicates that the company had minimal debt relative to its total assets during this period. However, there was a slight increase in the debt-to-assets ratio to 0.52 as of December 31, 2022, followed by another increase to 0.48 as of December 31, 2023.
These increases suggest that Axalta Coating Systems Ltd took on more debt relative to its asset base in the final quarters of 2022 and 2023. It is essential to monitor this trend to understand the reasons behind the increased debt levels and assess the company's ability to manage its debt effectively in the future.
Peer comparison
Dec 31, 2024