Astec Industries Inc (ASTE)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $637,600K
= 0.00
Astec Industries Inc has consistently maintained a debt-to-equity ratio of 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has been financing its operations primarily through equity rather than debt during this period. A debt-to-equity ratio of 0.00 suggests that the company has no debt or has a very low level of debt compared to its equity, which can be seen as a positive sign in terms of financial stability and solvency. This stability in the debt-to-equity ratio over a significant period reflects Astec Industries Inc's conservative financial management approach and its ability to fund its activities using internal resources and equity capital.
Peer comparison
Dec 31, 2024