Alamo Group Inc (ALG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,450,280 | 1,409,390 | 1,308,510 | 1,205,740 | 1,109,330 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,450,280K
= 0.00
The debt-to-assets ratio of Alamo Group Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that Alamo Group Inc has not utilized debt financing to acquire assets during these years. A debt-to-assets ratio of 0.00 suggests that the company relies more on equity financing rather than debt to fund its operations and acquisitions. However, it is essential to note that a debt-to-assets ratio of 0.00 may also indicate that the company has no debt obligations against its assets or that the debt levels are minimal compared to the total assets. Further analysis of the company's financial structure and risk management strategies would provide additional insights into its financing decisions.
Peer comparison
Dec 31, 2024