The Andersons Inc (ANDE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,366,190 | 1,329,170 | 1,310,600 | 1,279,990 | 1,282,900 | 1,240,740 | 1,230,990 | 1,169,590 | 1,198,600 | 1,193,920 | 1,167,150 | 1,089,020 | 1,072,420 | 1,033,440 | 1,022,500 | 983,667 | 961,891 | 939,199 | 939,388 | 912,257 |
| Debt-to-capital ratio | 0.31 | 0.29 | 0.30 | 0.30 | 0.30 | 0.31 | 0.32 | 0.29 | 0.29 | 0.29 | 0.33 | 0.34 | 0.36 | 0.34 | 0.45 | 0.47 | 0.48 | 0.43 | 0.51 | 0.52 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $608,151K ÷ ($608,151K + $1,366,190K)
= 0.31
The debt-to-capital ratio of The Andersons Inc has shown a declining trend over the years, indicating a decreasing reliance on debt to finance its operations and investments in comparison to its capital structure. As of December 31, 2024, the ratio stands at 0.31, indicating that 31% of the company's capital is funded by debt. This suggests that the company has a relatively strong capital base and may have a more conservative approach to leverage. The decreasing trend in the ratio could signal improved financial stability and reduced financial risk for the company. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of The Andersons Inc's financial health and performance.
Peer comparison
Dec 31, 2024