Alamo Group Inc (ALG)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 150,000 | 166,000 | 180,000 |
| Total stockholders’ equity | US$ in thousands | 932,763 | 887,734 | 865,942 | 822,348 | 785,360 | 737,031 | 736,442 | 727,180 | 705,663 | 691,662 | 681,241 | 651,241 | 635,003 | 605,213 | 577,151 | 560,409 | 577,943 | 551,052 | 542,832 | 521,484 |
| Debt-to-capital 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 | 0.21 | 0.23 | 0.26 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $932,763K)
= 0.00
The debt-to-capital ratio of Alamo Group Inc. has shown a slight decrease in the most recent quarter, Q4 2023, compared to the previous quarter, Q3 2023. The ratio stands at 0.20 in Q4 2023, indicating that debt accounts for 20% of the company's capital structure.
Overall, the trend in the debt-to-capital ratio over the past eight quarters has been fluctuating, with some periods showing increases and others showing decreases. The ratio reached its peak of 0.34 in Q2 and Q1 of 2022, and has since been on a downward trend, indicating a potentially improving financial position in terms of debt management.
It is important to closely monitor the debt-to-capital ratio of Alamo Group Inc. to assess the company's financial health and risk associated with its debt levels. A lower debt-to-capital ratio generally suggests a lower risk as it indicates a lower dependence on debt financing.
Peer comparison
Dec 31, 2023