Axalta Coating Systems Ltd (AXTA)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,912,000 | 1,905,000 | 1,773,000 | 1,731,000 | 1,727,000 | 1,604,100 | 1,644,200 | 1,570,100 | 1,453,500 | 1,273,300 | 1,326,200 | 1,375,400 | 1,492,900 | 1,440,800 | 1,488,300 | 1,359,400 | 1,433,000 | 1,339,700 | 1,213,100 | 1,291,000 |
| Debt-to-equity ratio | 1.78 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | 2.53 | 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,401,000K ÷ $1,912,000K
= 1.78
Axalta Coating Systems Ltd's debt-to-equity ratio has remained consistently low from March 2020 to June 2024, indicating a lower reliance on debt financing relative to equity. The ratio spiked to 2.53 in December 2022, which may suggest a temporary increase in debt levels relative to equity during that period. However, it then decreased to 2.01 in December 2023, indicating a reduction in debt relative to equity. Overall, the company's debt-to-equity ratio suggests a conservative financial structure with a generally low debt burden throughout the analyzed period.
Peer comparison
Dec 31, 2024