Transdigm Group Incorporated (TDG)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 19,394,000 | 19,384,000 | 19,410,000 | 17,933,000 | 17,952,000 |
| Total assets | US$ in thousands | 25,586,000 | 21,828,000 | 21,577,000 | 20,685,000 | 19,970,000 | 19,555,000 | 20,008,000 | 18,489,000 | 18,107,000 | 18,819,000 | 18,841,000 | 19,242,000 | 19,315,000 | 19,089,000 | 18,739,000 | 18,557,000 | 18,395,000 | 18,179,000 | 16,635,000 | 18,156,000 |
| Debt-to-assets 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 | 1.05 | 1.05 | 1.07 | 1.08 | 0.99 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $25,586,000K
= 0.00
The debt-to-assets ratio of Transdigm Group Incorporated has remained relatively stable and low over the past few years, hovering around 1% on average. However, there was a noticeable increase in the debt-to-assets ratio in the last quarter of 2020 and throughout 2021, peaking at 1.08 in the first quarter of 2021. This suggests that Transdigm Group Incorporated had taken on more debt relative to its total assets during this period.
Subsequently, the debt-to-assets ratio decreased gradually in the following quarters, reaching 0% in the first three quarters of 2024. A debt-to-assets ratio of 0% indicates that the company had no debt relative to its total assets during these periods.
Overall, the trend in Transdigm Group Incorporated's debt-to-assets ratio signals a period of deleveraging and a conservative approach in managing its debt levels, as the company reduced its debt relative to its asset base in recent quarters. This could indicate a stronger financial position and a lower risk of financial distress for the company, as it continues to maintain a low level of debt compared to its total assets.