Alamo Group Inc (ALG)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 150,000 | 166,000 | 180,000 |
| Total assets | US$ in thousands | 1,409,390 | 1,455,510 | 1,457,760 | 1,429,210 | 1,308,510 | 1,327,790 | 1,332,380 | 1,338,020 | 1,205,740 | 1,217,780 | 1,208,830 | 1,206,150 | 1,121,860 | 1,173,460 | 1,189,690 | 1,249,880 | 1,212,760 | 856,393 | 866,579 | 852,253 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.18 | 0.19 | 0.21 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,409,390K
= 0.00
The debt-to-assets ratio of Alamo Group Inc. has shown a declining trend over the last eight quarters. This ratio measures the proportion of the company's total assets that are financed by debt.
In Q4 2023, the debt-to-assets ratio was 0.17, indicating that only 17% of the company's assets were financed by debt. This represents a decrease from the previous quarter and suggests that Alamo Group Inc. has been reducing its reliance on debt to fund its operations and investments.
Looking at the historical trend, the company's debt-to-assets ratio peaked at 0.28 in Q2 2022 before gradually declining. This downward trend indicates that management has been successful in managing the company's debt levels relative to its total assets.
A lower debt-to-assets ratio generally reflects a stronger financial position and lower financial risk for the company. It suggests that Alamo Group Inc. has a healthier balance sheet with a greater proportion of assets financed by equity rather than debt.
Peer comparison
Dec 31, 2023