Astec Industries Inc (ASTE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.64 | 1.69 | 1.75 | 1.73 | 1.62 | 1.69 | 1.56 | 1.59 | 1.62 | 1.50 | 1.48 | 1.44 | 1.39 | 1.37 | 1.37 | 1.34 | 1.32 | 1.32 | 1.28 | 1.31 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,043,600K ÷ $637,600K
= 1.64
The financial leverage ratio of Astec Industries Inc has shown a fluctuating trend over the analyzed periods, ranging from 1.28 to 1.75. This ratio measures the company's reliance on debt to finance its operations, with a higher ratio indicating higher financial leverage.
From March 31, 2020, to December 31, 2020, the ratio remained relatively stable between 1.28 and 1.32. However, starting from March 31, 2021, there was a gradual increase in the ratio, reaching its peak at 1.75 by June 30, 2024.
The rising trend in the financial leverage ratio suggests that Astec Industries Inc may be taking on more debt relative to its equity, which could potentially increase financial risk and interest payment obligations. It is essential for investors and stakeholders to monitor the company's ability to manage its debt levels effectively and sustain its financial health in the long term.
Peer comparison
Dec 31, 2024