Eagle Materials Inc (EXP)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Long-term debt	US$ in thousands	1,083,300	1,022,480	1,079,660	1,141,850	1,079,030	1,054,220	1,126,400	1,119,580	938,265	837,949	812,632	1,009,040	1,008,620	1,008,340	1,252,720	1,492,090	1,567,320	930,594	930,426	840,259
Total assets	US$ in thousands	2,947,020	2,890,340	2,917,090	2,916,250	2,781,000	2,730,170	2,809,150	2,770,860	2,579,650	2,560,120	2,619,830	2,890,830	2,838,680	2,725,040	2,871,280	3,015,160	2,961,020	2,130,220	2,326,210	2,269,080
Debt-to-assets ratio		0.37	0.35	0.37	0.39	0.39	0.39	0.40	0.40	0.36	0.33	0.31	0.35	0.36	0.37	0.44	0.49	0.53	0.44	0.40	0.37

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,083,300K ÷ $2,947,020K
= 0.37

The debt-to-assets ratio of Eagle Materials Inc has shown some fluctuation over the past few quarters, ranging from 0.31 to 0.53. The ratio measures the proportion of the company's total assets financed by debt, indicating its leverage and financial risk.

Eagle Materials Inc's debt-to-assets ratio has generally been below 0.40, suggesting that a significant portion of its assets is financed by equity rather than debt. This indicates a relatively conservative approach to leverage, which can be seen as a positive sign for investors and creditors concerned about the company's financial health and stability.

The slight increase in the ratio in the most recent quarter compared to the previous one may warrant further investigation to understand the reasons behind this change. Overall, the company's debt-to-assets ratio appears to be at a manageable level, but continuous monitoring is advised to ensure financial stability and efficient capital structure management.