Eagle Materials Inc (EXP)
Debt-to-assets ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,264,590 | 2,947,020 | 2,781,000 | 2,579,650 | 2,838,680 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,264,590K
= 0.00
The debt-to-assets ratio for Eagle Materials Inc over the past five years has consistently remained at 0.00. This indicates that the company has not used any debt to finance its assets during this period. A lower debt-to-assets ratio suggests a lower financial risk and greater financial stability, as the company relies less on borrowed funds to support its operations and investments. However, it's important to note that while a low debt-to-assets ratio can be a positive indicator, it may also imply missed opportunities for leveraging debt for potential growth or tax advantages. Overall, Eagle Materials Inc's consistent debt-to-assets ratio of 0.00 suggests a prudent and conservative financial approach to managing its capital structure.