The Andersons Inc (ANDE)
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 | 608,151 | 542,564 | 549,378 | 556,174 | 562,960 | 569,730 | 576,489 | 486,892 | 492,518 | 497,988 | 563,447 | 571,181 | 600,487 | 542,821 | 837,609 | 877,583 | 886,453 | 717,198 | 975,973 | 987,526 |
| Total assets | US$ in thousands | 4,121,310 | 3,388,300 | 3,299,810 | 3,261,070 | 3,855,010 | 3,588,100 | 3,570,050 | 4,102,040 | 4,608,000 | 4,418,620 | 4,737,180 | 5,142,940 | 4,569,220 | 3,708,140 | 4,049,090 | 4,266,740 | 4,272,120 | 3,411,610 | 3,303,990 | 3,752,690 |
| Debt-to-assets ratio | 0.15 | 0.16 | 0.17 | 0.17 | 0.15 | 0.16 | 0.16 | 0.12 | 0.11 | 0.11 | 0.12 | 0.11 | 0.13 | 0.15 | 0.21 | 0.21 | 0.21 | 0.21 | 0.30 | 0.26 |
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 been relatively stable over the past few years, ranging from 0.11 to 0.30. The ratio measures the proportion of the company's total assets that are financed by debt. A lower debt-to-assets ratio indicates that a company has less reliance on debt to fund its operations and investments, which can be seen as a positive sign of financial stability and solvency.
In the case of The Andersons Inc, the decreasing trend in the debt-to-assets ratio from 0.30 in June 2020 to 0.15 in December 2024 suggests that the company has been effectively managing its debt levels and improving its financial position over time. This may be attributed to prudent financial management, debt reduction strategies, or improving profitability generating more resources to cover debt obligations.
Overall, a decreasing trend in the debt-to-assets ratio can indicate a stronger financial position for the company, as it implies a lower risk associated with debt obligations and potentially higher equity financing relative to total assets.
Peer comparison
Dec 31, 2024