Archer-Daniels-Midland Company (ADM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 21,974,000 | 22,148,000 | 23,219,000 | 21,432,000 | 25,228,000 | 24,939,000 | 24,860,000 | 22,584,000 | 23,997,000 | 24,393,000 | 23,722,000 | 22,177,000 | 21,969,000 | 21,582,000 | 20,841,000 | 20,000,000 | 19,322,000 | 19,293,000 | 18,952,000 | 13,808,000 |
| Debt-to-capital ratio | 0.26 | 0.27 | 0.26 | 0.28 | 0.25 | 0.25 | 0.24 | 0.26 | 0.24 | 0.25 | 0.27 | 0.27 | 0.27 | 0.28 | 0.29 | 0.28 | 0.29 | 0.31 | 0.31 | 0.36 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,578,000K ÷ ($7,578,000K + $21,974,000K)
= 0.26
Archer-Daniels-Midland Company's debt-to-capital ratio has fluctuated over the past few years, ranging from 0.24 to 0.36. The ratio indicates the proportion of the company's capital that is financed through debt. A lower ratio suggests a lower level of debt relative to the company's total capital, while a higher ratio indicates a higher reliance on debt financing.
The trend in Archer-Daniels-Midland's debt-to-capital ratio shows some variability but remains relatively stable around the mid-20% to low-30% range. This indicates that the company maintains a moderate level of debt compared to its total capital structure. It is important to note that the company has not seen any drastic spikes or declines in its debt-to-capital ratio, which suggests a prudent approach to managing its debt obligations.
Overall, based on the historical data provided, Archer-Daniels-Midland Company appears to have a balanced capital structure with a reasonable mix of debt and equity financing. Investors and analysts may monitor changes in the debt-to-capital ratio over time to assess the company's leverage and financial health.
Peer comparison
Sep 30, 2024