Astec Industries Inc (ASTE)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 637,600 | 653,400 | 626,900 | 654,800 | 643,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $637,600K)
= 0.00
The debt-to-capital ratio of Astec Industries Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations or investments during this period. A debt-to-capital ratio of 0.00 implies that the company's capital structure is primarily equity-funded, which can be seen as a positive indicator of financial stability and lower financial risk. This suggests that Astec Industries Inc may have a conservative approach to managing its capital resources, potentially minimizing interest expenses and financial leverage.
Peer comparison
Dec 31, 2024