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APi Group APG Debt-to-assets

Debt-to-assets at other companies

EMCOR Group logo
EMCOR GroupEME
0.1×0.0×
Johnson Controls International logo
Johnson Controls InternationalJCI
-0.2×
Comfort Systems USA logo
Comfort Systems USAFIX
0.1×0.0×
Carrier Global logo
Carrier GlobalCARR
0.3×0.0×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
0.2×-0.1×
nVent Electric plc logo
nVent Electric plcNVT
0.2×0.0×

Other financials

Income statement

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Revenue$2.0B+15.3%
Gross profit$620.0M+14.4%
Operating income$103.0M+22.6%
Net income$57.0M+62.9%
EPS (diluted)$0.12+71.4%

Balance sheet

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Cash & equivalents$645.0M+39.9%
Total debt$2.8B+0.2%
Total equity$3.5B+16.9%
Total assets$9.0B+10.7%

Cash flow

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Operating cash flow$85.0M+37.1%
CapEx$18.0M+50.0%
Free cash flow$67.0M+34.0%

Valuation

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Market cap$18.11B+76.1%
Enterprise value$20.23B+60.4%
P/E55.9×+13.1×
P/S2.2×+0.8×

Profitability

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Gross margin31.4%+0.2pp
Operating margin7%+0.5pp
Net margin4%+0.6pp

Returns & leverage

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Return on equity10%+0.9pp
Debt / equity0.8×-0.1×
Current ratio1.4×0.0×

Where this comes from

Calculated from APi Group’s reported figures.

Based on the most recent quarter.

The official record: APi Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is APi Group's debt-to-assets?
APi Group (APG) reported debt-to-assets of 0.3× in Q1 2026.
How has APi Group's debt-to-assets changed year-over-year?
APi Group's debt-to-assets decreased by 9.5% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for APi Group's debt-to-assets?
Over 4 years (2021 to 2025), APi Group's debt-to-assets has grown at a -0.5% compound annual growth rate (CAGR), from 1.4× to 1.3×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.