AGCO (XTER:AGJ) Debt-to-Asset : 0.29 (As of Mar. 2024)

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What is AGCO Debt-to-Asset?

AGCO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €276 Mil. AGCO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,274 Mil. AGCO's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €12,383 Mil. AGCO's debt to asset for the quarter that ended in Mar. 2024 was 0.29.

AGCO Debt-to-Asset Historical Data

The historical data trend for AGCO's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AGCO Debt-to-Asset Chart

AGCO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.19

0.21

0.18

0.16

0.13

AGCO Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.20	0.21	0.19	0.13	0.29

Competitive Comparison of AGCO's Debt-to-Asset

For the Farm & Heavy Construction Machinery subindustry, AGCO's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AGCO's Debt-to-Asset Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, AGCO's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where AGCO's Debt-to-Asset falls into.

AGCO Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

AGCO's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(13.755	+	1386.137)	/	10473.24
	=	0.13

AGCO's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(276.368	+	3274.004)	/	12383.108
	=	0.29

AGCO (XTER:AGJ) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

AGCO Debt-to-Asset Related Terms

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AGCO (XTER:AGJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AGCO Corp (XTER:AGJ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AGCO:USA AGCO:Mexico AGJ:Germany

Address

4205 River Green Parkway, Duluth, GA, USA, 30096

Website

https://www.agcocorp.com

Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.

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