Eagle Materials Inc (EXP)
Debt-to-capital ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,456,700 | 1,308,540 | 1,185,690 | 1,133,560 | 1,358,990 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,456,700K)
= 0.00
The debt-to-capital ratio of Eagle Materials Inc has consistently remained at 0.00 from March 31, 2021, to March 31, 2025. This indicates that the company has not utilized any debt to finance its operations relative to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that Eagle Materials Inc relies solely on equity financing instead of debt financing, which can be viewed positively as it indicates lower financial risk and potentially greater financial stability.