Alamo Group Inc (ALG)
Debt-to-equity 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-equity 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 | 0.27 | 0.31 | 0.35 |
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 fluctuations over the past eight quarters, ranging from 0.25 to 0.51. A lower debt-to-equity ratio indicates a lower level of debt relative to equity, suggesting a stronger financial position and less financial risk.
In Q1 2023, the company had a debt-to-equity ratio of 0.45, which was the highest level observed in the given period. This increase may indicate that the company has taken on more debt relative to its equity, which could potentially increase financial risk.
Conversely, in Q4 2023, the debt-to-equity ratio decreased to 0.25, which was the lowest level observed. This decline may suggest that the company reduced its debt levels relative to equity, leading to a stronger financial position and reduced risk.
Overall, it is essential for stakeholders to monitor Alamo Group Inc.'s debt-to-equity ratio consistently to assess the company's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2023