Astec Industries Inc (ASTE)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| 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 |
Astec Industries Inc has consistently maintained a strong solvency position as evidenced by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all consistently reported as 0.00 throughout the years up to December 31, 2024. This implies that the company has minimal debt in relation to its assets, capital, and equity, indicating a low financial risk and a healthier financial position.
Additionally, the financial leverage ratio, which provides insight into the proportion of a company's debt in its capital structure, has shown a generally increasing trend over the years. This ratio stood at 1.31 as of March 31, 2020, and increased gradually to 1.64 by December 31, 2024. While the increase in the financial leverage ratio indicates that the company has been utilizing more debt to finance its operations, it is still at a reasonable level and does not pose a significant solvency risk based on the other low debt ratios.
Overall, Astec Industries Inc's solvency ratios reflect a solid financial foundation with low debt obligations relative to its assets, capital, and equity, supporting the company's ability to meet its financial commitments and withstand potential financial challenges.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.73 | 2.66 | 2.82 | 6.11 | 8.45 | 6.23 | 9.47 | 7.34 | 4.96 | -0.86 | 1.94 | 14.23 | 16.55 | 43.55 | 41.44 | 46.26 | 63.11 | 1.67 | 11.25 | 30.98 |
The interest coverage ratio is a key financial metric that indicates a company's ability to meet its interest obligations from its operating income. Astec Industries Inc's interest coverage has exhibited some fluctuations over the quarters provided.
For the period from March 31, 2020, to June 30, 2021, the interest coverage ratio ranged from a high of 63.11 to a low of 1.67, showing significant variability. This could suggest some fluctuations in the company's profitability and ability to cover its interest expenses during this time.
However, from September 30, 2021, to March 31, 2024, the interest coverage ratio generally stabilized within a narrower range of 1.94 to 9.47. This could indicate improved stability in the company's ability to cover its interest payments during this period.
In the latter part of the data set, from June 30, 2024, to December 31, 2024, the interest coverage ratio generally decreased, hovering around 2.73. This decline might raise some concerns about the company's ability to comfortably cover its interest expenses during this period.
Overall, it is essential for investors and analysts to monitor Astec Industries Inc's interest coverage ratio closely to assess the company's financial health and its ability to meet its debt obligations in the future.