Archer-Daniels-Midland Company (ADM)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 7,631,000 | 7,701,000 | 7,675,000 |
| Total assets | US$ in thousands | 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 | 41,804,000 | 42,616,000 | 43,151,000 |
| Debt-to-assets ratio | 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 | 0.18 | 0.18 | 0.18 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,259,000K ÷ $54,631,000K
= 0.15
The debt-to-assets ratio of Archer-Daniels-Midland Company has remained relatively stable over the past five years, hovering around the range of 0.13 to 0.19. This indicates that the company has maintained a conservative approach towards financing its operations through debt.
The ratio peaked at 0.19 in June 2020 before trending downwards to 0.13 in Mar 2023. During this period, there was a slight increase in the ratio in the first half of 2021, reaching 0.17 in June 2021, but it subsequently decreased to 0.13 by Sep 2023.
Overall, the consistent low to moderate debt-to-assets ratio suggests that Archer-Daniels-Midland Company has a solid financial position with a relatively low level of debt relative to its total assets. This indicates a lower financial risk and potentially strong debt repayment capabilities.
Peer comparison
Dec 31, 2023