Valmont Industries Inc (VMI)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,107,880 | 977,260 | 952,704 | 985,636 | 870,935 | 935,129 | 995,647 | 963,065 | 947,072 | 897,488 | 860,878 | 729,589 | 728,431 | 779,788 | 778,283 | 776,139 | 764,944 | 764,524 | 765,558 | 741,629 |
| Total assets | US$ in thousands | 3,477,450 | 3,486,180 | 3,615,840 | 3,604,490 | 3,557,000 | 3,621,730 | 3,674,750 | 3,581,480 | 3,447,250 | 3,411,260 | 3,404,140 | 3,008,080 | 2,953,160 | 2,923,910 | 2,831,840 | 2,757,580 | 2,807,220 | 2,725,440 | 2,711,740 | 2,645,990 |
| Debt-to-assets ratio | 0.32 | 0.28 | 0.26 | 0.27 | 0.24 | 0.26 | 0.27 | 0.27 | 0.27 | 0.26 | 0.25 | 0.24 | 0.25 | 0.27 | 0.27 | 0.28 | 0.27 | 0.28 | 0.28 | 0.28 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,107,880K ÷ $3,477,450K
= 0.32
The debt-to-assets ratio for Valmont Industries Inc has shown some fluctuations over the past few quarters. The ratio measures the proportion of the company's assets that are financed by debt.
From the data provided, we can observe that the debt-to-assets ratio has ranged between 0.24 to 0.32 over the past five years. The ratio increased to 0.32 as of December 31, 2023, which indicates that 32% of Valmont Industries' assets are funded by debt. This might suggest a higher reliance on debt financing compared to previous quarters.
Overall, the trend in the debt-to-assets ratio for Valmont Industries Inc has shown some variability but has generally remained within a reasonable range, indicating a balanced mix of debt and equity in the company's capital structure. It would be important to monitor future trends in this ratio to assess the company's ongoing financial health and risk exposure related to debt levels.
Peer comparison
Dec 31, 2023