AGCO Corporation (AGCO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,233,300 | 1,377,200 | 1,264,800 | 1,411,200 | 1,256,700 |
| Total stockholders’ equity | US$ in thousands | 3,742,800 | 4,656,700 | 3,882,400 | 3,415,900 | 2,980,000 |
| Debt-to-capital ratio | 0.37 | 0.23 | 0.25 | 0.29 | 0.30 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,233,300K ÷ ($2,233,300K + $3,742,800K)
= 0.37
AGCO Corporation's debt-to-capital ratio has displayed a declining trend over the years, standing at 0.30 as of December 31, 2020, and decreasing to 0.29 in 2021, 0.25 in 2022, and further dropping to 0.23 in 2023. This signifies that the company has been relying less on debt compared to its total capital structure. However, there was a notable increase in the ratio to 0.37 as of December 31, 2024, indicating a potential shift towards higher leverage in the most recent period. Overall, monitoring this ratio is crucial for assessing AGCO Corporation's debt management and capital structure stability.
Peer comparison
Dec 31, 2024