Alamo Group Inc (ALG)

Debt-to-assets 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
Total assets US$ in thousands 1,450,280 1,481,340 1,505,970 1,519,420 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 1,109,330 1,173,460 1,189,690 1,249,880
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 0.00 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 for Alamo Group Inc has consistently remained at 0.00 over the past several quarters, from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are mostly funded by equity rather than debt, which may signify a strong financial position with lower financial risk. It is important to note that a low debt-to-assets ratio does not necessarily imply better or worse financial performance, as the capital structure and financing decisions could vary based on the company's strategic objectives and industry dynamics.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
Alamo Group Inc
ALG
0.00
AGCO Corporation
AGCO
0.20
Deere & Company
DE
0.00
Lindsay Corporation
LNN
0.15