AGCO Corporation (AGCO)
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 | 2,233,300 | 3,610,000 | 3,595,200 | 3,425,700 | 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 |
| Total assets | US$ in thousands | 11,190,600 | 13,506,800 | 13,614,800 | 13,459,900 | 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 |
| Debt-to-assets ratio | 0.20 | 0.27 | 0.26 | 0.25 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,233,300K ÷ $11,190,600K
= 0.20
The debt-to-assets ratio for AGCO Corporation has shown some fluctuation over the reporting periods provided in the data. The ratio decreased from 0.22 in March 2020 to 0.11 in March 2021, indicating a significant reduction in the proportion of debt to total assets. However, the ratio gradually increased in subsequent quarters, reaching 0.27 by September 30, 2024.
Overall, the trend in the debt-to-assets ratio suggests that AGCO Corporation initially reduced its reliance on debt to finance its assets but then experienced an increase in the ratio in recent quarters, potentially indicating a higher level of debt relative to its asset base. This could be a strategic decision or a result of changes in the company's financing activities during the period analyzed.
Further analysis would be needed to understand the reasons behind these changes in the debt-to-assets ratio and evaluate the implications for AGCO Corporation's financial health and risk profile.
Peer comparison
Dec 31, 2024