Astec Industries Inc (ASTE)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,043,600 | 1,067,100 | 1,107,000 | 1,123,000 | 1,059,300 | 1,074,400 | 1,010,400 | 1,008,400 | 1,014,400 | 944,600 | 949,900 | 943,400 | 911,300 | 910,700 | 902,300 | 868,300 | 848,200 | 819,700 | 793,800 | 804,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio of Astec Industries Inc has consistently remained at 0.00 across all the reported quarters from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has not used debt financing to fund its assets during this period. This could imply that Astec Industries Inc has been relying on equity and internal funds to finance its operations and investments rather than taking on debt. It suggests a conservative financial approach and a strong financial position with minimal financial leverage.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Astec Industries Inc
ASTE
0.00
Caterpillar Inc
CAT
0.00
CNH Industrial N.V.
CNH
0.00