Valmont Industries Inc (VMI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,354,280 | 1,501,740 | 1,612,220 | 1,540,100 | 1,580,850 | 1,512,730 | 1,488,380 | 1,476,050 | 1,386,850 | 1,318,140 | 1,294,620 | 1,224,810 | 1,182,060 | 1,162,440 | 1,126,840 | 1,087,410 | 1,144,340 | 1,086,690 | 1,081,740 | 1,078,260 |
| Debt-to-equity ratio | 0.82 | 0.65 | 0.59 | 0.64 | 0.55 | 0.62 | 0.67 | 0.65 | 0.68 | 0.68 | 0.66 | 0.60 | 0.62 | 0.67 | 0.69 | 0.71 | 0.67 | 0.70 | 0.71 | 0.69 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,107,880K ÷ $1,354,280K
= 0.82
The debt-to-equity ratio of Valmont Industries Inc has displayed some fluctuations over the past few years. The ratio ranged between 0.55 and 0.82, with the highest ratio recorded at the end of 2023 and the lowest at the end of 2022. Generally, a lower debt-to-equity ratio indicates a lower level of financial risk and a stronger financial position, whereas a higher ratio may suggest higher financial leverage and risk.
The trend in the debt-to-equity ratio for Valmont Industries Inc shows some variability but remains within a moderate range. It is important to consider the industry norms and the company's specific circumstances to determine the implications of these ratios. Additionally, it would be beneficial to analyze other financial ratios and aspects of the company's financial performance to gain a comprehensive understanding of its overall financial health.
Peer comparison
Dec 31, 2023