Astec Industries Inc (ASTE)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $637,600K
= 0.00
Based on the provided data, the debt-to-equity ratio of Astec Industries Inc has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not been utilizing debt to finance its operations and has been relying solely on equity to fund its activities during this period. A debt-to-equity ratio of 0.00 suggests that the company has no debt obligations relative to its equity, which could be viewed positively as it implies lower financial risk and potentially more financial stability. It could also indicate sound financial management practices aimed at maintaining a conservative capital structure. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Dec 31, 2024