Astec Industries Inc (ASTE)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 1,043,600 | 1,059,300 | 1,014,400 | 911,300 | 848,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,043,600K
= 0.00
Astec Industries Inc has consistently maintained a debt-to-assets ratio of 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations or acquisitions during this period. A debt-to-assets ratio of 0.00% signifies that the company's total assets are financed entirely by equity, which may suggest a conservative financial strategy or strong cash reserves. This could potentially indicate lower financial risk and greater financial stability, as the absence of debt obligations could reduce the company's interest expenses and financial leverage.
Peer comparison
Dec 31, 2024