The Andersons Inc (ANDE)
Debt-to-assets 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 | 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 | 1,016,250 | 968,117 | 1,007,010 | 982,025 |
| Total assets | US$ in thousands | 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 | 3,900,740 | 3,284,450 | 3,571,860 | 3,660,250 |
| Debt-to-assets ratio | 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 | 0.26 | 0.29 | 0.28 | 0.27 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $562,960K ÷ $3,855,010K
= 0.15
The debt-to-assets ratio for Andersons Inc. has shown fluctuations over the past eight quarters. In Q1 2022, the ratio was at its highest level of 0.40, indicating that 40% of the company's assets were financed through debt. This was followed by a gradual decrease in the ratio over the next two quarters.
However, in Q4 2022, there was a notable increase in the ratio to 0.29, signaling that the company had increased its debt relative to its assets. This trend continued into Q1 2023, with the ratio reaching 0.30.
Subsequently, there was a slight improvement in the ratio in Q2 2023, although it remained relatively high at 0.20. The ratio then increased to 0.17 in Q3 2023 before slightly rising to 0.16 in Q4 2023.
Overall, the fluctuations in Andersons Inc.'s debt-to-assets ratio suggest varying degrees of reliance on debt to finance its assets over the past year. It would be essential for stakeholders to monitor this ratio closely to assess the company's financial leverage and risk exposure.
Peer comparison
Dec 31, 2023