AGCO Corporation (AGCO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,656,700 | 4,355,500 | 4,138,800 | 4,132,700 | 3,882,400 | 3,520,400 | 3,383,200 | 3,674,800 | 3,415,900 | 3,168,800 | 3,138,300 | 3,086,500 | 2,980,000 | 2,809,700 | 2,676,100 | 2,642,100 | 2,853,800 | 2,976,600 | 3,064,700 | 2,955,700 |
| Debt-to-capital ratio | 0.23 | 0.31 | 0.33 | 0.30 | 0.25 | 0.34 | 0.37 | 0.34 | 0.29 | 0.29 | 0.28 | 0.23 | 0.30 | 0.34 | 0.38 | 0.39 | 0.29 | 0.30 | 0.30 | 0.32 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,377,200K ÷ ($1,377,200K + $4,656,700K)
= 0.23
The debt-to-capital ratio of AGCO Corp. has fluctuated over the past eight quarters. The ratio measures the proportion of the company's total debt in relation to its total capital, including both debt and equity financing.
In Q1 2023 and Q3 2022, the debt-to-capital ratio was relatively stable at 0.32 and 0.35, respectively. This indicates a consistent balance between debt and equity in the company's capital structure during those periods.
The ratio decreased in Q4 2023 compared to the previous quarter, falling to 0.23. This suggests a reduction in the company's reliance on debt financing and a potentially stronger financial position.
Conversely, Q2 2022 and Q1 2022 saw the highest debt-to-capital ratios at 0.41 and 0.35, respectively. This indicates a higher level of debt relative to the company's capital during those periods, which may have implications for the company's financial risk and leverage.
Overall, fluctuations in the debt-to-capital ratio of AGCO Corp. may reflect changes in the company's capital structure and financial strategy over the analyzed quarters. Monitoring this ratio can provide insights into the company's risk profile and financial health.
Peer comparison
Dec 31, 2023