AOS (A.O. Smith) Debt-to-Equity : 0.16 (As of Mar. 2025)

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What is A.O. Smith Debt-to-Equity?

A.O. Smith's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $10 Mil. A.O. Smith's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $285 Mil. A.O. Smith's Total Stockholders Equity for the quarter that ended in Mar. 2025 was $1,855 Mil. A.O. Smith's debt to equity for the quarter that ended in Mar. 2025 was 0.16.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for A.O. Smith's Debt-to-Equity or its related term are showing as below:

AOS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.18 Max: 0.27
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of A.O. Smith was 0.27. The lowest was 0.07. And the median was 0.18.

AOS's Debt-to-Equity is ranked better than
64.69% of 2634 companies
in the Industrial Products industry
Industry Median: 0.28 vs AOS: 0.16

A.O. Smith Debt-to-Equity Historical Data

The historical data trend for A.O. Smith's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

A.O. Smith Debt-to-Equity Chart

A.O. Smith Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.08

0.12

0.21

0.08

0.12

A.O. Smith Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.09	0.08	0.12	0.16

Competitive Comparison of A.O. Smith's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, A.O. Smith's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

A.O. Smith's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, A.O. Smith's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where A.O. Smith's Debt-to-Equity falls into.

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A.O. Smith Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

A.O. Smith's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(10	+	206.7)	/	1883.5
	=	0.12

A.O. Smith's Debt to Equity Ratio for the quarter that ended in Mar. 2025 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(10	+	285)	/	1855.1
	=	0.16

A.O. Smith (NYSE:AOS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

A.O. Smith Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of A.O. Smith's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

A.O. Smith Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » A.O. Smith Corp (NYSE:AOS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0L7A:UK 3SM:Germany 3SM:Germany A1OS34:Brazil

Address

11270 West Park Place, Suite 170, Milwaukee, WI, USA, 53224

Website

https://www.aosmith.com

A.O. Smith manufactures a broad lineup of water heaters, boilers, and water treatment products. The company has two reporting segments: North America (75% of sales) and rest of world (25% of sales). A.O. Smith is the leading manufacturer of water heaters in North America for the residential and commercial markets, with approximately 37% and 54% market share, respectively. Residential water heaters account for most of North American sales and are distributed equally through wholesale and retail channels. Most of A.O. Smith's international revenue is from China, a market the company entered during the mid-1990s.

Executives

Samuel M. Carver	officer: SVP - Global Operations	A. O. SMITH CORPORATION, 44 VANTAGE WAY, NASHVILLE TN 37228
Douglas Samuel Karge	officer: SVP - President NA Water Treat	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Robert J Heideman	officer: Senior Vice President Corp Tec	A. O. SMITH CORPORATE TECHNOLOGY CENTER, 12100 WEST PARK PLACE, MILWAUKEE WI 53224
Ronald D Brown	director	2090 FLORENCE AVENUE, CINCINNATI OH 45206
Ajita G Rajendra	officer: President, A. O. Smith Water P	A. O. SMITH WATER PRODUCTS COMPANY, 500 LINDAHL PARKWAY, ASHLAND CITY TN 37015
Idelle K Wolf	director
Mark D Smith	director
Mark A Petrarca	officer: Vice President - H.R. & P.A.	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
James F Stern	officer: Exec VP, General Counsel & Sec	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Kevin J. Wheeler	officer: Senior VP and President & GM	A. O. SMITH CORPORATION, 500 TENNESSEE WALTZ PARKWAY, ASHLAND CITY TN 37015
Benjamin A Otchere	officer: Vice President and Controller	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Michael M Larsen	director	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Daniel L Kempken	officer: Vice President and Controller	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Parag Kulkarni	officer: SVP - Int'l; President India	A. O. SMITH INDIA WATER PRODUCTS PRIVATE, #300, PHASE II, KIADB INDUSTRIAL AREA, KARNATAKA K7 562112
Earl E. Exum	director	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224