Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Alamo Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $933 Mil. Alamo Group's Total Assets for the quarter that ended in Dec. 2023 was $1,409 Mil.
Therefore, Alamo Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.66.
The historical rank and industry rank for Alamo Group's Equity-to-Asset or its related term are showing as below:
ALG'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.6 Max: 0.7
Current: 0.66
During the past 13 years, the highest Equity to Asset Ratio of Alamo Group was 0.70. The lowest was 0.47. And the median was 0.60.
ALG's Equity-to-Asset is ranked better than 78.47% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.47
vs ALG: 0.66
Alamo Group Equity-to-Asset Historical Data
The historical data trend for Alamo Group's Equity-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.
Competitive Comparison of Alamo Group's Equity-to-Asset
For the Farm & Heavy Construction Machinery subindustry, Alamo Group's Equity-to-Asset, along with its competitors' market caps and Equity-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.
Alamo Group's Equity-to-Asset Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Alamo Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Alamo Group's Equity-to-Asset falls into.
Alamo Group Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Alamo Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Alamo Group (NYSE:ALG) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Alamo Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Alamo Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Alamo Group Inc is engaged in the design and manufacturing of agricultural equipment and infrastructure maintenance equipment. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, leaf collection equipment, pothole patchers, zero-turn radius mowers, agricultural implements, and related aftermarket parts. The company's reportable segments are Vegetation Management and Industrial Equipment. It generates a majority of its revenue from Vegetation Management. Geographically, the company generates majority of the revenue from the United States.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ALG has been successfully added to your 