AGCO Corporation (AGCO)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,742,800 | 4,148,800 | 4,053,800 | 4,755,100 | 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 |
| Debt-to-equity ratio | 0.60 | 0.87 | 0.89 | 0.72 | 0.30 | 0.44 | 0.49 | 0.43 | 0.33 | 0.52 | 0.60 | 0.52 | 0.41 | 0.42 | 0.38 | 0.30 | 0.42 | 0.51 | 0.62 | 0.63 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,233,300K ÷ $3,742,800K
= 0.60
AGCO Corporation's debt-to-equity ratio has fluctuated over the past few years, indicating changes in its capital structure. The ratio decreased from 0.63 as of March 31, 2020, to 0.30 by March 31, 2021, suggesting a reduction in debt relative to equity during this period. However, the ratio started to increase again, reaching 0.89 by June 30, 2024, indicating a significant rise in debt relative to equity.
Overall, the company's debt-to-equity ratio has shown variability, with both upward and downward trends, which may signify shifts in financing strategies or changes in the company's financial position. A high debt-to-equity ratio can indicate higher financial risk, as it suggests a higher reliance on debt financing, while a low ratio may imply a more conservative capital structure. AGCO Corporation's management and investors may need to closely monitor this ratio to assess the company's leverage and financial health.
Peer comparison
Dec 31, 2024