Topbuild Corp (BLD)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	1,327,160	1,341,440	1,351,970	1,362,500	1,373,030	1,383,720	1,394,790	1,405,930	1,417,260	1,428,940	1,437,100	1,445,470	1,454,480	675,567	680,999	686,493	683,396	688,870	694,320	699,750
Total assets	US$ in thousands	4,735,430	4,650,520	4,902,990	5,310,450	5,162,850	5,014,090	4,857,950	4,700,910	4,606,830	4,506,120	4,420,980	4,361,560	4,258,530	3,120,690	2,998,720	2,892,100	2,815,280	2,747,800	2,670,580	2,631,840
Debt-to-assets ratio		0.28	0.29	0.28	0.26	0.27	0.28	0.29	0.30	0.31	0.32	0.33	0.33	0.34	0.22	0.23	0.24	0.24	0.25	0.26	0.27

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,327,160K ÷ $4,735,430K
= 0.28

The debt-to-assets ratio of Topbuild Corp has shown a gradual decline from 0.27 as of March 31, 2020, to 0.28 as of December 31, 2024. This ratio indicates the proportion of the company's assets financed by debt, with a lower ratio suggesting lower financial risk and greater stability. The decreasing trend in the debt-to-assets ratio over the period suggests that the company has been effectively managing its debt levels relative to its asset base. However, the slight increase in the ratio towards the end of the period should be monitored to ensure it does not signal a shift towards higher debt reliance.