Archer-Daniels-Midland Company (ADM)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 35,910,000 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $35,910,000K
= 0.00
The debt-to-assets ratio of Archer-Daniels-Midland Company has consistently been 0.00 for all the quarters between March 31, 2020, and December 31, 2024. This implies that the company has not utilized debt or borrowed funds to finance its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, indicating a strong financial position with low financial risk related to debt. This could be perceived positively by investors and lenders as it demonstrates financial stability and sound management of capital structure. However, it is also important to consider the opportunity cost of not leveraging debt for potential tax benefits or capital allocation strategies that could enhance shareholder value. Overall, a consistent 0.00 debt-to-assets ratio reflects the company's conservative approach to financing and a strong balance sheet position.
Peer comparison
Dec 31, 2024