Alamo Group Inc (ALG)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 932,763 | 785,360 | 705,663 | 635,003 | 577,943 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $932,763K
= 0.00
The debt-to-equity ratio of Alamo Group Inc. has shown a decreasing trend from 2019 to 2023. This ratio decreased from 0.78 in 2019 to 0.25 in 2023. A lower debt-to-equity ratio indicates a lower reliance on debt financing compared to equity, suggesting a potentially stronger financial position and lower financial risk for the company. This trend may indicate that Alamo Group Inc. has been successfully managing its debt levels over the years, which could improve its ability to weather economic downturns and pursue growth opportunities. Overall, the decreasing trend in the debt-to-equity ratio reflects a positive financial position and prudent financial management by Alamo Group Inc.
Peer comparison
Dec 31, 2023