Archer-Daniels-Midland Company (ADM)
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 | 7,578,000 | 8,247,000 | 8,245,000 | 8,259,000 | 8,224,000 | 8,244,000 | 7,745,000 | 7,735,000 | 7,671,000 | 8,062,000 | 8,752,000 | 8,011,000 | 8,039,000 | 8,432,000 | 8,437,000 | 7,885,000 | 7,922,000 | 8,632,000 | 8,613,000 | 7,672,000 |
| Total assets | US$ in thousands | 52,199,000 | 52,698,000 | 54,831,000 | 54,631,000 | 55,093,000 | 55,499,000 | 58,802,000 | 59,774,000 | 58,304,000 | 61,828,000 | 64,866,000 | 56,136,000 | 52,298,000 | 50,958,000 | 51,478,000 | 49,719,000 | 44,795,000 | 44,341,000 | 48,395,000 | 43,997,000 |
| Debt-to-assets ratio | 0.15 | 0.16 | 0.15 | 0.15 | 0.15 | 0.15 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.15 | 0.17 | 0.16 | 0.16 | 0.18 | 0.19 | 0.18 | 0.17 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,578,000K ÷ $52,199,000K
= 0.15
Archer-Daniels-Midland Company's debt-to-assets ratio has been relatively stable over the past 20 quarters, ranging between 0.13 to 0.19. The trend indicates that the company has maintained a conservative approach towards debt management, with a tendency towards a lower level of debt relative to its total assets.
The lower debt-to-assets ratio suggests that Archer-Daniels-Midland Company relies less on debt financing compared to its total asset base. This can be viewed positively by investors and creditors, as it signifies a lower financial risk and potential for financial distress. Additionally, a lower debt-to-assets ratio may indicate strong financial health and stability, allowing the company to weather economic downturns and pursue growth opportunities more comfortably.
Overall, the consistent and relatively low debt-to-assets ratio of Archer-Daniels-Midland Company reflects prudent financial management, providing a solid foundation for future growth and sustainability.
Peer comparison
Sep 30, 2024