AGCO Corporation (AGCO)
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 | 1,377,200 | 1,919,700 | 2,014,200 | 1,791,100 | 1,264,800 | 1,845,700 | 2,018,000 | 1,899,400 | 1,411,200 | 1,319,100 | 1,206,400 | 936,600 | 1,256,700 | 1,429,300 | 1,652,100 | 1,669,500 | 1,191,800 | 1,269,200 | 1,308,100 | 1,404,300 |
| Total assets | US$ in thousands | 11,421,200 | 11,351,100 | 11,394,000 | 10,811,600 | 10,103,700 | 9,818,100 | 9,888,900 | 9,876,500 | 9,182,100 | 8,941,900 | 8,863,300 | 8,312,300 | 8,504,200 | 7,940,300 | 7,778,000 | 7,705,700 | 7,759,700 | 8,079,200 | 8,415,100 | 8,204,300 |
| Debt-to-assets ratio | 0.12 | 0.17 | 0.18 | 0.17 | 0.13 | 0.19 | 0.20 | 0.19 | 0.15 | 0.15 | 0.14 | 0.11 | 0.15 | 0.18 | 0.21 | 0.22 | 0.15 | 0.16 | 0.16 | 0.17 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,377,200K ÷ $11,421,200K
= 0.12
The debt-to-assets ratio for AGCO Corp. has fluctuated over the past eight quarters, ranging from a low of 0.12 in Q4 2023 to a high of 0.24 in Q2 2022. This ratio measures the proportion of the company's total debt relative to its total assets. A lower ratio indicates a lower level of debt compared to assets, suggesting lower financial risk and a stronger financial position. AGCO Corp.'s trend of decreasing debt-to-assets ratio from Q2 2022 to Q4 2023 is a positive sign, as it indicates a reduction in the company's reliance on debt financing. However, the ratio increased slightly in Q3 2023 before decreasing again in Q4 2023. Overall, AGCO Corp. appears to be effectively managing its debt levels in relation to its asset base, which can contribute to long-term financial stability and growth.
Peer comparison
Dec 31, 2023