Astec Industries Inc (ASTE)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 637,600 | 631,400 | 633,300 | 650,300 | 653,400 | 634,800 | 647,500 | 635,600 | 626,900 | 628,100 | 643,900 | 657,400 | 654,800 | 663,100 | 659,300 | 646,600 | 643,000 | 623,300 | 621,800 | 612,500 |
| Debt-to-capital 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-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 remained at 0.00 across multiple quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or investments, and its capital structure is primarily composed of equity.
A debt-to-capital ratio of 0.00 suggests a low financial risk and a strong financial position, as it indicates that the company is not relying on debt financing to support its operations. Astec Industries Inc's ability to maintain a debt-to-capital ratio of 0.00 over an extended period may reflect a conservative financial strategy or strong cash flow generation.
Overall, the stable and consistently low debt-to-capital ratio of Astec Industries Inc suggests a healthy balance sheet and financial stability, which may be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2024