Astec Debt To Equity from 2010 to 2024
| ASTE Stock | USD 43.10 0.16 0.37% |
Debt To Equity | First Reported 2010-12-31 | Previous Quarter 0.1271809 | Current Value 0.13 | Quarterly Volatility 0.88966483 |
Check Astec Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Astec main balance sheet or income statement drivers, such as Depreciation And Amortization of 15.3 M, Interest Expense of 9.3 M or Selling General Administrative of 250.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.58, Dividend Yield of 0.0133 or PTB Ratio of 2.01. Astec financial statements analysis is a perfect complement when working with Astec Industries Valuation or Volatility modules.
Astec | Debt To Equity |
Latest Astec Industries' Debt To Equity Growth Pattern
Below is the plot of the Debt To Equity of Astec Industries over the last few years. It is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. Astec Industries' Debt To Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Astec Industries' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.01 % | 10 Years Trend |
|
Debt To Equity |
| Timeline |
Astec Debt To Equity Regression Statistics
| Arithmetic Mean | 0.27 | |
| Coefficient Of Variation | 329.37 | |
| Mean Deviation | 0.43 | |
| Median | 0.02 | |
| Standard Deviation | 0.89 | |
| Sample Variance | 0.79 | |
| Range | 3.5438 | |
| R-Value | (0.40) | |
| Mean Square Error | 0.72 | |
| R-Squared | 0.16 | |
| Significance | 0.14 | |
| Slope | (0.08) | |
| Total Sum of Squares | 11.08 |
Astec Debt To Equity History
About Astec Industries Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Astec Industries income statement, its balance sheet, and the statement of cash flows. Astec Industries investors use historical funamental indicators, such as Astec Industries's Debt To Equity, to determine how well the company is positioned to perform in the future. Although Astec Industries investors may use each financial statement separately, they are all related. The changes in Astec Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Astec Industries's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Astec Industries Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Astec Industries. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | 0.13 | 0.13 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Astec Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Astec Industries' short interest history, or implied volatility extrapolated from Astec Industries options trading.
Pair Trading with Astec Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astec Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astec Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Astec Stock
| 0.89 | TWI | Titan International Financial Report 1st of May 2024 | PairCorr |
| 0.86 | LEV | Lion Electric Corp Financial Report 14th of May 2024 | PairCorr |
| 0.8 | LNN | Lindsay Financial Report 4th of July 2024 | PairCorr |
| 0.72 | ZEVYW | Lightning eMotors | PairCorr |
| 0.67 | MTW | Manitowoc Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Astec Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astec Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astec Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astec Industries to buy it.
The correlation of Astec Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astec Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astec Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astec Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Astec Industries Correlation against competitors. For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Astec Stock analysis
When running Astec Industries' price analysis, check to measure Astec Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Astec Industries is operating at the current time. Most of Astec Industries' value examination focuses on studying past and present price action to predict the probability of Astec Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astec Industries' price. Additionally, you may evaluate how the addition of Astec Industries to your portfolios can decrease your overall portfolio volatility.
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Is Astec Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astec Industries. If investors know Astec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astec Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.945 | Dividend Share 0.52 | Earnings Share 1.47 | Revenue Per Share 58.9 | Quarterly Revenue Growth (0.04) |
The market value of Astec Industries is measured differently than its book value, which is the value of Astec that is recorded on the company's balance sheet. Investors also form their own opinion of Astec Industries' value that differs from its market value or its book value, called intrinsic value, which is Astec Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astec Industries' market value can be influenced by many factors that don't directly affect Astec Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astec Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astec Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astec Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.