The Andersons Inc (ANDE)
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 | 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 stockholders’ equity | US$ in thousands | 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 | 973,610 | 962,458 | 970,114 | 947,284 |
| Debt-to-equity ratio | 0.44 | 0.46 | 0.47 | 0.42 | 0.41 | 0.42 | 0.48 | 0.52 | 0.56 | 0.53 | 0.82 | 0.89 | 0.92 | 0.76 | 1.04 | 1.08 | 1.04 | 1.01 | 1.04 | 1.04 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $562,960K ÷ $1,282,900K
= 0.44
The debt-to-equity ratio of Andersons Inc. has fluctuated over the eight quarters analyzed. In Q4 2023 and Q3 2023, the ratio remained relatively stable at 0.49. However, in Q2 2023, there was a slight increase to 0.57 before a significant decrease to 1.04 in Q1 2023.
Comparing these values to the previous year, there was a notable reduction in the ratio from Q4 2022 (0.73) to Q3 2022 (1.06), indicating a decrease in the company's reliance on debt financing. This trend continued with a further decrease in Q2 2022 (1.52) and Q1 2022 (1.91), suggesting a significant improvement in the company's overall financial leverage and debt management.
Overall, Andersons Inc. has shown a trend of decreasing debt-to-equity ratios over the analyzed period, which may indicate a more conservative approach to financing its operations and potentially reducing financial risk in the long term.
Peer comparison
Dec 31, 2023