The Andersons Inc (ANDE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 608,151 | 562,960 | 492,518 | 600,487 | 886,453 |
| Total assets | US$ in thousands | 4,121,310 | 3,855,010 | 4,608,000 | 4,569,220 | 4,272,120 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.11 | 0.13 | 0.21 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $608,151K ÷ $4,121,310K
= 0.15
The debt-to-assets ratio of The Andersons Inc has shown a decreasing trend over the past five years, indicating a more conservative approach towards debt management. As of December 31, 2020, the ratio stood at 0.21, gradually declining to 0.15 by the end of December 31, 2024. This downward trend suggests that the company has been effectively reducing its reliance on debt to finance its operations and investments, leading to a stronger financial position in terms of leveraging assets against debt. The decreasing ratio implies improved solvency and lower financial risk for the company over the specified period.
Peer comparison
Dec 31, 2024