APi Group (APi Group) Debt-to-Equity : 1.24 (As of Dec. 2023)

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What is APi Group Debt-to-Equity?

APi Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $80 Mil. APi Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,494 Mil. APi Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,071 Mil. APi Group's debt to equity for the quarter that ended in Dec. 2023 was 1.24.

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 APi Group's Debt-to-Equity or its related term are showing as below:

APG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 1.12 Max: 1.42
Current: 1.24

During the past 6 years, the highest Debt-to-Equity Ratio of APi Group was 1.42. The lowest was 0.81. And the median was 1.12.

APG's Debt-to-Equity is ranked worse than
82.59% of 1505 companies
in the Construction industry
Industry Median: 0.43 vs APG: 1.24

APi Group Debt-to-Equity Historical Data

The historical data trend for APi Group'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.

APi Group Debt-to-Equity Chart

APi Group Annual Data

Trend

Dec17

Aug18

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.99

0.81

1.42

1.24

APi Group Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.42	1.30	1.26	1.27	1.24

Competitive Comparison of APi Group's Debt-to-Equity

For the Engineering & Construction subindustry, APi Group'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.

APi Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, APi Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where APi Group's Debt-to-Equity falls into.

APi Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

APi Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(80	+	2494)	/	2071
	=	1.24

APi Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(80	+	2494)	/	2071
	=	1.24

APi Group (NYSE:APG) 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.

APi Group Debt-to-Equity Related Terms

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

APi Group (APi Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » APi Group Corp (NYSE:APG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4XY:Germany

Address

c/o APi Group, Inc, 1100 Old Highway 8 NW, New Brighton, MN, USA, 55112

Website

https://www.apigroupinc.com

APi Group Corp operates in two operating segments, 1) Safety Services segment includes providing safety services in North America, Asia Pacific, and Europe, focusing on end-to-end integrated occupancy systems (fire protection solutions, Heating, Ventilation, and Air Conditioning and entry systems), including design, installation, inspection, and service of these integrated systems. These services are provided in commercial, education, healthcare, high tech, industrial, and special-hazard settings. 2) Specialty Services segment includes providing a variety of infrastructure services and specialized industrial plant services, which include maintenance and repair of critical infrastructure such as underground electric, gas, water, sewer, and telecommunications infrastructure.

Executives

Viking Global Investors Lp	10 percent owner	600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901
Ashken Ian G H	director	C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
James E Lillie	director	C/O MOORE CORPORATION LIMITED, ONE CANTERBURY GREEN, STAMFORD CT 06901
Fd Juno Holdings L.p.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Juno Lower Holdings L.p.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Bto De Gp - Nq L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Juno Holdings Manager L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Fd Juno Holdings Manager L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Juno Holdings L.p.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Associates Iii - Nq L.p.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Fund - Fd L.p.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Bto Holdings Manager L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Blackstone Tactical Opportunities Associates L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE., NEW YORK NY 10154
Btoa L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154