Debt to Equity
since 2005
Calculation
Amphenol Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt, including current portion1 | ÷ | Stockholders’ equity attributable to Amphenol Corporation1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.52 | = | 4,337,300) | ÷ | 8,346,500) |
| Dec 31, 2022 | 0.65 | = | 4,577,700) | ÷ | 7,015,600) |
| Dec 31, 2021 | 0.76 | = | 4,799,900) | ÷ | 6,302,000) |
| Dec 31, 2020 | 0.72 | = | 3,866,500) | ÷ | 5,384,900) |
| Dec 31, 2019 | 0.80 | = | 3,606,700) | ÷ | 4,530,300) |
| Dec 31, 2018 | 0.89 | = | 3,570,700) | ÷ | 4,017,000) |
| Dec 31, 2017 | 0.89 | = | 3,542,600) | ÷ | 3,989,800) |
| Dec 31, 2016 | 0.82 | = | 3,010,700) | ÷ | 3,674,900) |
| Dec 31, 2015 | 0.87 | = | 2,813,500) | ÷ | 3,238,500) |
| Dec 31, 2014 | 0.92 | = | 2,673,900) | ÷ | 2,907,400) |
| Dec 31, 2013 | 0.75 | = | 2,132,874) | ÷ | 2,859,509) |
| Dec 31, 2012 | 0.70 | = | 1,706,497) | ÷ | 2,429,959) |
| Dec 31, 2011 | 0.63 | = | 1,377,129) | ÷ | 2,171,769) |
| Dec 31, 2010 | 0.34 | = | 799,992) | ÷ | 2,320,855) |
| Dec 31, 2009 | 0.43 | = | 753,449) | ÷ | 1,746,077) |
| Dec 31, 2008 | 0.58 | = | 786,459) | ÷ | 1,349,425) |
| Dec 31, 2007 | 0.57 | = | 722,636) | ÷ | 1,264,914) |
| Dec 31, 2006 | 0.75 | = | 680,414) | ÷ | 902,994) |
| Dec 31, 2005 | 1.13 | = | 781,000) | ÷ | 689,235) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Long-term Debt Trends
- The long-term debt, including the current portion, showed an overall increasing trend from 2005 to 2020, rising from $781 million to nearly $3.87 billion. Notably, debt levels surged significantly between 2010 and 2012, increasing from approximately $800 million to over $1.7 billion. This upward trajectory continued, reaching a peak of almost $4.8 billion in 2021, followed by a steady decline in the subsequent years, reducing to approximately $4.34 billion by the end of 2023.
- Stockholders' Equity Trends
- Stockholders' equity attributable to the corporation demonstrated consistent growth throughout the entire period, expanding from $689 million in 2005 to $8.35 billion in 2023. This growth was steady without significant declines, with marked accelerations after 2015 and a continual rise to its highest value in 2023. The steady equity increase suggests positive reinvestment of earnings and possibly retained earnings contributing to the enhanced equity base.
- Debt to Equity Ratio Trends
- The debt-to-equity ratio exhibited notable fluctuations over the period. Initially, it decreased sharply from 1.13 in 2005 to a low of 0.34 in 2010, indicating a reduction in leverage relative to equity growth. From 2010 onwards, the ratio experienced an increase to approximately 0.92 by 2014, reflecting rising debt levels relative to equity during that interval. Thereafter, the ratio generally declined, with some variation, reaching the lowest point of 0.52 by the end of 2023. This trend suggests a moderate reduction in financial leverage in recent years, indicating a more conservative capital structure with relatively less reliance on debt financing.
- Overall Financial Position Insights
- The company has strengthened its equity position substantially over the monitoring period while managing its long-term debt with some volatility. The peak debt levels in 2021 accompanied by simultaneous growth in equity point to strategic financial decisions possibly aimed at funding expansion or acquisitions. The reduction in the debt-to-equity ratio towards the latest years infers improved financial stability and potentially enhanced creditworthiness. The trend suggests a shift towards a more balanced and less leveraged capital structure in the most recent periods.
Comparison to Competitors
Amphenol Corp., debt to equity, long-term trends, comparison to competitors
| Amphenol Corp. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2023 | 0.52 | 1.79 | 0.00 | 0.19 | — | 0.15 |
| Dec 31, 2022 | 0.65 | 2.37 | 0.00 | 0.24 | — | 0.42 |
| Dec 31, 2021 | 0.76 | 1.98 | 0.00 | 0.28 | 19.36 | 0.09 |
| Dec 31, 2020 | 0.72 | 1.72 | 0.00 | 0.38 | — | 0.03 |
| Dec 31, 2019 | 0.80 | 1.19 | 0.00 | 0.73 | — | 0.03 |
| Dec 31, 2018 | 0.89 | 1.07 | 0.02 | 0.59 | — | 0.14 |
| Dec 31, 2017 | 0.89 | 0.86 | 0.02 | 0.51 | — | 0.21 |
| Dec 31, 2016 | 0.82 | 0.68 | 0.04 | 0.45 | — | 0.13 |
| Dec 31, 2015 | 0.87 | 0.54 | 0.05 | 0.42 | — | 0.15 |
| Dec 31, 2014 | 0.92 | 0.32 | 0.08 | 0.37 | — | 0.10 |
| Dec 31, 2013 | 0.75 | 0.14 | — | 0.27 | — | 0.09 |
| Dec 31, 2012 | 0.70 | 0.00 | — | 0.32 | — | 0.10 |
| Dec 31, 2011 | 0.63 | 0.00 | — | 0.36 | — | 0.10 |
| Dec 31, 2010 | 0.34 | 0.00 | — | 0.35 | — | 0.08 |
| Dec 31, 2009 | 0.43 | 0.00 | — | 0.27 | — | 0.06 |
| Dec 31, 2008 | 0.58 | 0.00 | — | 0.20 | — | 0.07 |
| Dec 31, 2007 | 0.57 | 0.00 | — | 0.20 | — | 0.10 |
| Dec 31, 2006 | 0.75 | 0.00 | — | 0.26 | — | — |
| Dec 31, 2005 | 1.13 | 0.00 | — | 0.00 | — | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Amphenol Corp., debt to equity, long-term trends, comparison to sector (technology hardware & equipment)
| Amphenol Corp. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2023 | 0.52 | 1.33 |
| Dec 31, 2022 | 0.65 | 1.65 |
| Dec 31, 2021 | 0.76 | 1.65 |
| Dec 31, 2020 | 0.72 | 1.69 |
| Dec 31, 2019 | 0.80 | 1.53 |
| Dec 31, 2018 | 0.89 | 0.91 |
| Dec 31, 2017 | 0.89 | 0.74 |
| Dec 31, 2016 | 0.82 | 0.60 |
| Dec 31, 2015 | 0.87 | 0.50 |
| Dec 31, 2014 | 0.92 | 0.33 |
| Dec 31, 2013 | 0.75 | 0.18 |
| Dec 31, 2012 | 0.70 | 0.10 |
| Dec 31, 2011 | 0.63 | 0.14 |
| Dec 31, 2010 | 0.34 | 0.17 |
| Dec 31, 2009 | 0.43 | 0.15 |
| Dec 31, 2008 | 0.58 | 0.12 |
| Dec 31, 2007 | 0.57 | 0.14 |
| Dec 31, 2006 | 0.75 | 0.19 |
| Dec 31, 2005 | 1.13 | 0.00 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Amphenol Corp., debt to equity, long-term trends, comparison to industry (information technology)
| Amphenol Corp. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 0.52 | 0.66 |
| Dec 31, 2022 | 0.65 | 0.70 |
| Dec 31, 2021 | 0.76 | 0.83 |
| Dec 31, 2020 | 0.72 | 0.97 |
| Dec 31, 2019 | 0.80 | 0.98 |
| Dec 31, 2018 | 0.89 | 0.83 |
| Dec 31, 2017 | 0.89 | 0.81 |
| Dec 31, 2016 | 0.82 | 0.66 |
| Dec 31, 2015 | 0.87 | 0.56 |
| Dec 31, 2014 | 0.92 | 0.39 |
| Dec 31, 2013 | 0.75 | 0.29 |
| Dec 31, 2012 | 0.70 | 0.25 |
| Dec 31, 2011 | 0.63 | 0.27 |
| Dec 31, 2010 | 0.34 | 0.25 |
| Dec 31, 2009 | 0.43 | 0.26 |
| Dec 31, 2008 | 0.58 | 0.29 |
| Dec 31, 2007 | 0.57 | 0.27 |
| Dec 31, 2006 | 0.75 | 0.20 |
| Dec 31, 2005 | 1.13 | 0.15 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).