AGCO (AGCO) Cash-to-Debt

: 0.39 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. AGCO's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.39.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, AGCO couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for AGCO's Cash-to-Debt or its related term are showing as below:

AGCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 0.34 Max: 0.64
Current: 0.39

During the past 13 years, AGCO's highest Cash to Debt Ratio was 0.64. The lowest was 0.22. And the median was 0.34.

AGCO's Cash-to-Debt is ranked worse than
59.9% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.62 vs AGCO: 0.39

AGCO Cash-to-Debt Historical Data

The historical data trend for AGCO's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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AGCO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.29

0.64

0.55

0.50

0.39

AGCO Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.50	0.27	0.19	0.32	0.39

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, AGCO's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution

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

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

AGCO Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

AGCO's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	595	/	(15	+	1511.6)
	=	0.39

AGCO's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	595	/	(15	+	1511.6)
	=	0.39

AGCO (NYSE:AGCO) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

AGCO Cash-to-Debt Related Terms

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AGCO (AGCO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AGCO:Mexico AGJ:Germany AGJ:Germany 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.

Executives

Dehner Torsten Rudolf Willi	officer: SVP Gen Mgr Europe Middle East	AGCO INTERNATIONAL GMBH, VICTOR VON BRUNS STRASSE 17, NEUHAUSEN AM RHEINFALL V8 CH 8212
Robert B Crain	officer: Sr VP Gen. Mgr. North America	AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096-2584
Felli Luis Fernando Sartini	officer: SVP Gen Manager South America	AGCO AMERICA DO SUL, RUA JAMES JOULE, 92 - CONJ 161 BROOKLIN, SAO PAULO D5 04576-080
Lara Thrush Long	officer: VP, Chief Accounting Officer	AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
George E Minnich	director	4 WEST RED OAK LANE, WHITE PLAINS NY 10604
Timothy Millwood	officer: SVP Chief Supply Chain Officer	AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
Andrew H Beck	officer: Sr. VP and CFO
Damon J Audia	officer: SVP, Chief Financial Officer	525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
David M. Sagehorn	director	2307 OREGON STREET, PO BOX 2566, OSHKOSH WI 54903-2566
Niels Porksen	director	4205 RIVER GREEN PARKWAY, DULUTH GA 30096
Hans Bernd Veltmaat	officer: Sr VP Manufacturing & Quality	AGCO GMBH, VICTOR VON BRUNS STRASSE 17, CH 8212 NEUHAUSEN V8 CH 8212
Gary L Collar	officer: SVP, General Manager, EAME	11975 S MAGNOLIA CIRCLE, ALPHARETTA GA 30005
Kelvin Eugene Bennett	officer: SVP, Engineering	AGCO INTERNATIONAL GMBH, VICTOR VON BRUNS STRASSE 17, NEUHAUSEN AM RHEINFALL V8 CH 8212
Ivory Marie Harris	officer: SVP Chief HR Officer	AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
Wolfgang Deml	director