Topbuild Corp (BLD)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,327,160 | 1,373,030 | 1,417,260 | 1,454,480 | 683,396 |
| Total stockholders’ equity | US$ in thousands | 2,209,620 | 2,563,660 | 1,929,710 | 1,636,430 | 1,348,790 |
| Debt-to-equity ratio | 0.60 | 0.54 | 0.73 | 0.89 | 0.51 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,327,160K ÷ $2,209,620K
= 0.60
Topbuild Corp's debt-to-equity ratio has fluctuated over the past five years, indicating changes in the company's capital structure and financial leverage. The ratio increased from 0.51 in December 31, 2020, to 0.89 in December 31, 2021, suggesting a higher level of debt relative to equity during that year.
However, there was a decrease in the ratio to 0.73 in December 31, 2022, followed by a further decline to 0.54 in December 31, 2023. These reductions may indicate a decrease in debt levels or an increase in equity during these periods.
In the most recent year, December 31, 2024, the debt-to-equity ratio slightly increased to 0.60, which suggests a moderate increase in the proportion of debt relative to equity.
Overall, Topbuild Corp's debt-to-equity ratio has shown variability over the years, and further analysis of the company's financial performance and capital structure is recommended to fully understand the implications of these changes.