Eagle Materials Inc (EXP)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,308,540 | 1,333,160 | 1,306,630 | 1,238,410 | 1,185,690 | 1,165,510 | 1,156,700 | 1,123,780 | 1,133,560 | 1,222,250 | 1,307,310 | 1,391,330 | 1,358,990 | 1,261,180 | 1,168,030 | 1,067,960 | 967,843 | 897,327 | 1,010,760 | 1,055,270 |
| Debt-to-equity ratio | 0.83 | 0.77 | 0.83 | 0.92 | 0.91 | 0.90 | 0.97 | 1.00 | 0.83 | 0.69 | 0.62 | 0.73 | 0.74 | 0.80 | 1.07 | 1.40 | 1.62 | 1.04 | 0.92 | 0.80 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,083,300K ÷ $1,308,540K
= 0.83
The debt-to-equity ratio of Eagle Materials Inc has shown fluctuations over the past several quarters. The ratio was relatively stable around the 0.80 to 0.90 range until the second half of 2020 when it started to increase.
In the most recent quarter, as of March 31, 2024, the debt-to-equity ratio stood at 0.83, which indicates that the company's level of debt relative to equity has decreased compared to the previous quarter. This could imply that the company has either reduced its debt levels or increased its equity position.
However, it is important to note that the debt-to-equity ratio has been above 1 in some quarters, particularly in the latter part of 2020 and early 2021, indicating that the company had more debt than equity during those periods. This could signify a higher financial risk as a higher ratio indicates that more of the company's operations are funded through debt, which can lead to increased financial leverage and potential liquidity issues.
Overall, the trend in Eagle Materials Inc's debt-to-equity ratio suggests a fluctuating capital structure and financial risk profile over the analyzed period. Investors and stakeholders may want to further investigate the company's debt management strategies and overall financial health based on these fluctuations.